Unemployment rate in euro area reached 10.9%…

Wednesday, 2 May 2012 12:45

Eurostat’s data showed today that unemployment rate in euro area reported increase to 10.9% in April, as expected.

The biggest European economy also reported negative unemployment change in April.

Meanwhile, when analysts expected a 10 000 decrease in number of jobless people,  the number increased by 19 000.

After that unemployment rate in Germany increased to 6.8%.

US dollar remained higher against EUR after the news and was traded at 1.3168.