- Analytics
- News and Tools
- Market News
- Euro area Unemployment Rate stays unchanged at 6.8% in April vs. 6.7% expected
Euro area Unemployment Rate stays unchanged at 6.8% in April vs. 6.7% expected
- Unemployment Rate in the euro area remained steady at 6.8% in April.
- EUR/USD continues to fluctuate in a tight range above 1.0700.
The monthly data published by Eurostat showed on Wednesday that the Unemployment Rate in the euro area and the EU stayed unchanged at 6.8% and 6.2%, respectively, in April. Markets were expecting the euro area Unemployment Rate to edge lower to 6.7%.
"Eurostat estimates that 13.264 million men and women in the EU, of whom 11.181 million in the euro area, were unemployed in April 2022," the publication further read. "Compared with April 2021, unemployment decreased by 2.543 million in the EU and by 2.175 million in the euro area."
Market reaction
The EUR/USD pair showed no immediate reaction to this report and was last seen losing 0.12% on the day at 1.0720.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
