The euro area unemployment rate dropped marginally in July, figures from Eurostat revealed on Monday.
The jobless rate registered 6.2 percent in July compared to 6.3 percent in June. In the same period last year, the unemployment rate was 6.4 percent. Eurostat estimated that the number of people out of jobs decreased 170,000 from June to 10.805 million in July. Compared to last year, unemployment fell 161,000. The youth unemployment fell notably to 13.9 percent from 14.3 percent in June.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.