Unemployment Rate

Actual
6.4%
Previous
6.5%
Forecast
6.5%

The Unemployment Rate released by the Eurostat is the percentage of unemployed workers in the total civilian labor force. It is a leading indicator for the economy of the European Union. If the rate goes up, it indicates a lack of expansion within the European labor market and a weakening of the economy. Generally speaking, a decrease of the figure is seen as bullish for the Euro (EUR), while an increase is seen as bearish.

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