The euro area unemployment rate dropped marginally in October as the economy continued to expand despite supply bottlenecks, data from Eurostat showed on Thursday.
The jobless rate came in at 7.3 percent, as expected, and down from 7.4 percent in September. In the same period last year, the unemployment rate was 8.4 percent.
The number of unemployed decreased 64,000 from the previous month to 12.045 million in October. Compared to last year, unemployment declined 1.564 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.