- The unemployment rate fell in the euro zone and the EU in December.
- The EUR / USD pair continues to trade in negative territory below 1.2250.
The seasonally adjusted unemployment rate in the euro area fell to 8.3% in November from 8.4% in October, data published by Eurostat showed on Friday. This reading was better than the market expectation of 8.5%.
Further details from the post revealed that the unemployment rate in the EU improved to 7.5% from 7.6% in October.
“Compared with October 2020, the number of unemployed people decreased by 222,000 in the EU and 172,000 in the euro area,” the press release reads. Compared to November 2019, unemployment increased by 1,795 million in the EU and 1,425 million in the euro area ”.
Market reaction
The pair EUR/USD it rose slightly after this report and was last seen shedding 0.25% on the day at 1.2240.
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