Euro zone unemployment rate holds steady at 12% in August

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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%.


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This article appears in: Investing , Forex and Currencies

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