- The unemployment rate in the euro area was stable in December as expected.
- The EUR / USD pair continues to push lower and is trading below 1.2100.
The seasonally adjusted unemployment rate was unchanged at 8.3% in the eurozone in December, as data published by Eurostat showed on Monday. This reading was in line with market expectations.
Additional details from the post revealed that the EU unemployment rate in the same period was 7.5%.
“Eurostat estimates that 16,000,000 men and women in the EU, of whom 13,671,000 in the euro area, were unemployed in December 2020,” the press release reads. Compared to December 2019, unemployment increased by 1,951,000 in the EU and 1,516,000 in the euro area”.
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