Employment up by 0.3% in euro area

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Tuesday, Mar 15 2016

The number of persons employed increased by 0.3% in the euro area (EA19) and by 0.1% in the EU28 in the fourth quarter of 2015 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the third quarter of 2015, employment increased by 0.3% in both zones.

Compared with the same quarter of the previous year, employment increased by 1.2% in the euro area and by 1,0% in the EU28 in the fourth quarter of 2015 (after +1.1% and +1.0% respectively in the third quarter of 2015). Eurostat estimates that, in the fourth quarter of 2015, 229.9 million men and women were employed in the EU28, of which 151.9 million were in the euro area. These figures are seasonally adjusted.

Euro is currently being traded few points above 1.1080 level. Pair is likely to find support around 1.1050 handle and resistance above 1.1150 level. Later today, in the US session, Retail Sales, PPI and Empire State Manufacturing Index figures are scheduled for a release.

More in this category: « Brexit supporters more motivated to vote US PPI fell in line with market expectations »

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