- Analytics
- News and Tools
- Market News
- Euro area Unemployment Rate declines to 6.6% in May vs. 6.8% expected
Euro area Unemployment Rate declines to 6.6% in May vs. 6.8% expected
- Unemployment Rate in the euro area edged lower in May.
- EUR/USD continues to trade below 1.0450 after the data.
The seasonally-adjusted Unemployment Rate in the euro area declined to 6.6% in May from 6.7% in April, the data published by Eurostat showed on Thursday. This reading came in better than the market expectation of 6.8%.
In the EU, the unemployment rate stayed unchanged at 6.1% in May. "Eurostat estimates that 13.066 million men and women in the EU, of whom 11.004 million in the euro area, were unemployed in May 2022," the publication further read.
Market reaction
These figures failed to help the shared currency find demand. As of writing, the EUR/USD pair was flat on the dy at 1.0437.
© 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
