Euro-Area Unemployment Rate Unexpectedly Holds Steady at 11.7%
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The euro-area jobless rate remained unchanged in December, adding to signs the currency bloc’s economy may be starting to emerge from a recession.
Unemployment in the 17-nation currency bloc held at 11.7 percent, the European Union’s statistics office in Luxembourg said today. The November rate was revised down to 11.7 percent from 11.8 percent reported earlier. Economists had forecast an increase to 11.9 percent, the median estimate in a Bloomberg News survey of 34 economists.