The euro area unemployment rate dropped slightly in January, Eurostat reported Wednesday.
The jobless rate fell to seasonally adjusted 6.1 percent from 6.2 percent in December. The rate was forecast to remain unchanged at 6.2 percent.
The number of unemployed people decreased by 184,000 from December. Compared to last year, unemployment fell 273,000 to 10.77 million.
There were 2.352 million young unemployed persons in January, which was down by 27,000 from December. The youth unemployment rate decreased to 14.8 percent from 15.0 percent in December.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.