Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

The seasonally-adjusted unemployment rate in the Euro Area was reported to have decreased to 6.4% in November from 6.5% in October.

The latest figure matched the all-time low from June 2023.

The number of unemployed persons dropped by 99,000 from the October level to 10.970 million, data by Eurostat showed on Tuesday.

The youth unemployment rate in the Euro Area, which reflects persons aged under 25 who seek employment, decreased to 14.5% in November from 14.8% in October.

The lowest jobless rates were registered in Germany and the Netherlands – 3.1% and 3.5% respectively.

Meanwhile, among major economies in the bloc, the highest jobless rates were recorded in Spain (11.9%), Italy (7.5%) and France (7.3%).

The Euro was last inching down 0.05% on the day against the US Dollar, with the EUR/USD currency pair trading at 1.0945.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • US dollar lost positions against Canadian dollar after disappointing data from United StatesUS dollar lost positions against Canadian dollar after disappointing data from United States Through the course of Thursday trade session US dollar shorted its gains versus the Canadian dollar due to renewed speculation, that weak US data could urge Federal Reserve Bank not to reduce the scale of the stimulus program this year. […]
  • Forex Market: GBP/USD daily trading forecastForex Market: GBP/USD daily trading forecast Friday’s trade saw GBP/USD within the range of 1.5422-1.5545. The pair closed at 1.5496, down 0.10% on a daily basis, while extending losses from the prior trading day. The daily low has also been the lowest level since July 10th, when the […]
  • Vertiv Holdings Stock Plummets 10.88% Amid Order Volume ConcernsVertiv Holdings Stock Plummets 10.88% Amid Order Volume Concerns Key momentsVertiv Holdings shares fell substantially during Wednesday’s session, with the closing price falling below the $82 mark. Prices did not improve on Thursday, with Vertiv dropping a further 1.42% to $80.46. A report by TD […]
  • USD/CAD on session highs after US, Canadian trade balance reportsUSD/CAD on session highs after US, Canadian trade balance reports US dollar climbed to its highest level on Tuesday trade against its Canadian counterpart, following better than projected trade balance results from the United States and Canada.USD/CAD hit a session high at 1.0387 13:16 GMT, after which […]
  • Forex Market: USD/CAD daily trading outlookForex Market: USD/CAD daily trading outlook Yesterday’s trade saw USD/CAD within the range of 1.2914-1.3014. The pair closed at 1.2923, inching down 0.06% compared to Wednesdays close. It has been the 130th drop in the past 284 trading days and also a third consecutive one. The daily […]
  • GBP/SGD settles above 8-month low, posts weekly lossGBP/SGD settles above 8-month low, posts weekly loss The GBP/SGD currency pair settled above recent low of 1.7011, its weakest level since March 3rd, in the wake of the Bank of England’s policy decision.The Bank of England left its benchmark interest rate without change at 4% at its November […]