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Eurozone Unemployment Rate stable at 10.3%

Monday, Apr 04 2016
The euro area (EA19) seasonally-adjusted unemployment rate was 10.3% in February 2016, down from 10.4% in January 2016, and from 11.2% in February 2015. This is the lowest rate recorded in the euro area since August 2011. The EU28 unemployment rate was 8.9% in February 2016, stable compared to January 2016, and down from 9.7% in February 2015. This is the lowest rate recorded in the EU28 since May 2009.
Eurostat estimates that 21.651 million men and women in the EU28, of whom 16.634 million were in the euro area, were unemployed in February 2016. Compared with January 2016, the number of persons unemployed decreased by 59 000 in the EU28 and by 39 000 in the euro area. Compared with February 2015, unemployment fell by 1.971 million in the EU28 and by 1.303 million in the euro area.
 
Euro is currently being traded few points below 1.1380 level. Pair is likely to find support around 1.13 handle and resistance above 1.1430 level. There will be no major data releases later today.
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