Unemployment Rate edged lower in euro area and in EU in December. EUR/USD pair continues to trade in the negative territory below 1.2250. The seasonally adjusted Unemployment Rate in the euro area declined to 8.3% in November from 8.4% in October, the data published by the Eurostat showed on Friday. This reading came in better than the market expectation of 8.5%. Further details of the publication revealed that the Unemployment Rate in the EU improved to 7.5% from 7.6% in October. “Compared with October 2020, the number of persons unemployed decreased by 222 000 in the EU and by 172 000 in the euro area,” the press release read. “Compared with November 2019, unemployment rose by 1.795 million in the EU and by 1.425 million in the euro area.” Market reaction The EUR/USD pair inched slightly higher after this report and was last seen losing 0.25% on the day at 1.2240. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Nonfarm Payrolls Preview: Forecast from five major banks for December jobs report FX Street 11 months Unemployment Rate edged lower in euro area and in EU in December. EUR/USD pair continues to trade in the negative territory below 1.2250. The seasonally adjusted Unemployment Rate in the euro area declined to 8.3% in November from 8.4% in October, the data published by the Eurostat showed on Friday. This reading came in better than the market expectation of 8.5%. Further details of the publication revealed that the Unemployment Rate in the EU improved to 7.5% from 7.6% in October. "Compared with October 2020, the number of persons unemployed decreased by 222 000 in the EU and by 172… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
