Investing.com – The euro zone’s unemployment rate fell to the lowest level since April 2012 in January, official data showed on Monday.
In a report, Eurostat said that the euro zone’s unemployment rate fell to a seasonally adjusted 11.2% in January from 11.3% in December. Analysts had expected the jobless rate to rise to 11.4%.
The data showed that among the member states, the lowest unemployment rates were recorded in Germany (4.7%) and Austria (4.8%), and the highest in Greece (25.8% in November 2014) and Spain (23.4%).
EUR/USD was trading at 1.1214 from around 1.1218 ahead of the release of the data, while EUR/GBP was at 0.7273 from 0.7274 earlier.
Meanwhile, European stock markets remained mixed in subdued trade. The EURO STOXX 50 inched up 0.2%, Germany’s DAX tacked on 0.3%, France’s CAC 40 dipped 0.2%, while London’s FTSE 100 advanced 0.4%.
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