- The unemployment rate in the euro zone remained stable at 6.8% in April.
- The EUR/USD pair continues to trade in a tight range above 1.0700.
Monthly data released by Eurostat showed on Wednesday that the euro zone and EU unemployment rate were unchanged at 6.8% and 6.2%, respectively, in April. Markets had expected the euro zone unemployment rate to fall to 6.7%.
“Eurostat estimates that 13.264 million men and women in the EU, of which 11.181 million belong to the euro area, were unemployed in April 2022,” according to the publication. “Compared to April 2021, unemployment decreased by 2.543 million in the EU and by 2.175 million in the euro zone.”
market reaction
The pair EUR/USD did not show any immediate reaction to this report and trades at time of writing around 1.0720, down 0.12% daily.
Source: Fx Street
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