Euro zone unemployment rate holds steady at 12% in August

By
A A A

Investing.com - The euro zone's unemployment rate held steady in August, amid concerns over the impact of the region's debt crisis on growth, official data showed on Tuesday.


In a report, Eurostat said that the euro zone's unemployment rate held steady at a seasonally adjusted 12% in August, confounding expectations for an increase to 12.1%.

The jobless rate for July was revised down to 12% from a previously reported 12.1%.

Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.19% to trade at 1.3351.

Meanwhile, European stock markets remained mixed. The EURO STOXX 50 rose 0.9%, France's CAC 40 advanced 0.8%, London's FTSE 100 dipped 0.2%, while Germany's DAX tacked on 0.65%.


Investing.com
Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com or Download the new Investing.com App for Android !



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

Referenced Stocks:

Investing.com

Investing.com

More from Investing.com:

Related Videos

Stocks

Referenced

Most Active by Volume

95,597,893
  • $7.64 ▲ 31.95%
64,563,213
  • $16.04 ▲ 0.19%
61,009,264
  • $4 ▲ 1.01%
46,015,633
  • $18.43 ▼ 3.51%
38,655,678
  • $81.58 ▼ 2.88%
36,803,652
  • $129.36 ▲ 0.21%
36,425,257
  • $16.17 ▼ 2.41%
32,854,400
  • $2.03 ▲ 2.01%
As of 3/3/2015, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com