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Euro zone unemployment rate holds steady at 11.5% in August

Published 09/30/2014, 05:06 AM
Updated 09/30/2014, 05:06 AM
Euro zone unemployment rate stable at 11.5%

Investing.com - The euro zone’s unemployment rate held steady in August, official data showed on Thursday.

In a report, Eurostat said that the euro zone’s unemployment rate was unchanged at a seasonally adjusted 11.5% last month, in line with market expectations.

The data showed that among the member states, the lowest unemployment rates were recorded in Austria (4.7%), Germany (4.9%), and the highest in Greece (27.0% in June 2014) and Spain (24.4%).

EUR/USD was trading at 1.2632 from around 1.2664 ahead of the release of the data, while EUR/GBP was at 0.7789 from 0.7797 earlier.

Meanwhile, European stock markets remained mixed. The DJ Euro Stoxx 50 inched up 0.3%, Germany's DAX tacked on 0.1%, France’s CAC 40 added 0.4%, while London’s FTSE 100 slumped 0.1%.

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