Euro area unemployment rate dropped to a record low in March as firms raised hiring even as the war in Ukraine and record high inflation damped demand and production, data published by Eurostat revealed on Tuesday.
Higher prices for energy and intermediate goods pushed up factory gate inflation to another historic high in March, another report from Eurostat showed.
The jobless rate fell slightly to a seasonally adjusted 6.8 percent in March from revised 6.9 percent in February. In the same period last year, the unemployment rate was 8.2 percent.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.