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Euro-area Employment Fell In The Third Quarter

Published 12/31/2000, 07:00 PM
Updated 12/16/2008, 05:15 AM

Release Explanation: Measures the percentage of employed in the labor market from the last quarter

Trade Desk Thoughts: The number of persons employed in the euro-area fell by 0.1%, or 80,000, in the third quarter of 2008. Compared with the third quarter of 2007, employment grew by 0.8%. Eurostat estimates that, in the third quarter of 2008, 146.1 million were in the euro area, seasonally adjusted.

Forex Technical Reaction: The euro continues to lack momentum in the overnight session. So far, for the day, the euro has declined 70 pips against the dollar, but gained 25 against the pound.

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