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Eurozone Unemployment rate at lowest rate since October 2011

Thursday, Jan 07 2016
The euro area (EA19) seasonally-adjusted unemployment rate was 10.5% in November 2015, down from 10.6% in 
October 2015, and from 11.5% in November 2014. This is the lowest rate recorded in the euro area since October 2011. The EU28 unemployment rate was 9.1% in November 2015, down from 9.2% in October 2015, and from 10.0% in November 2014. This is the lowest rate recorded in the EU28 since July 2009. 
 Eurostat estimates that 22.159 million men and women in the EU28, of whom 16.924 million were in the euro area, were unemployed in November 2015. Compared with October 2015, the number of persons unemployed decreased by 179 000 in the EU28 and by 130 000 in the euro area. Compared with November 2014, unemployment fell by 2.146 million in the EU28 and by 1.573 million in the euro area. 
 
Euro is currently being traded around 1.0860 area. Pair is likely to find support around 1.08 handle and resistance above 1.09 level. Later today, in the US session, Unemployment Claims figures are scheduled for a release.
More in this category: « German Factory Orders rose more than expected Unemployment Claims decreased to 277,000 »

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