The euro area unemployment rate dropped marginally in March, data from Eurostat showed Thursday.
The unemployment rate slid to 6.2 percent in March, in line with forecast, from 6.3 percent in February.
The number of unemployed decreased 63,000 from the previous month to 10.984 million. Compared to last year, unemployment was down 170,000.
The youth unemployment rate came in at 14.9 percent in March, the same as in February. Data showed that the EU unemployment rate remained unchanged at 6.0 percent in March.
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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.