The euro area unemployment rate remained unchanged in October, data from Eurostat showed on Tuesday.
The unemployment rate remained unchanged at 6.4 percent in October. However, this was down from 6.3 percent in the same period last year. The expected rate was 6.3 percent.
The number of unemployed decreased 13,000 from September to 11.033 million in October. Compared with the last year, unemployment was up 308,000.
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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.