Unemployment in euro area

Tuesday, 31 January 2012 02:13

The seasonally adjusted jobless rate in euro area reached 10.4% in December 2011 in line with analysts’ expectations.

Eurostat reported that it is the highest level in last 14 years.

The whole EU unemployment rate reached 9.9% in December.

The highest unemployment rate was reported in Spain: 22.9% and the lowest in Austria: 4.1%.

The couple EUR/USD was traded at 1.3189 after news release.