Forexpros — The euro zone’s unemployment rate remained unchanged in June, holding steady for the fourth consecutive month, official data showed on Monday.
In a report, Eurostat said that the euro zone’s unemployment rate was unchanged at 9.9% in June, broadly in line with market expectations.
According to the data, the number of unemployed people in the euro zone was 22.47 million in June, of whom 15.64 million were in the euro area.
Among euro zone member states, the lowest unemployment rates were recorded in Austria and the Netherlands, while Spain, Lithuania and Latvia recorded the highest rates.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.16% to trade at 1.4421.
Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 climbed 0.75%, France’s CAC 40 rose 0.9%, the FTSE 100 rallied 1.2%, while Germany’s DAX jumped 0.7%.
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