The euro area unemployment rate increased only moderately in April despite containment measures implemented to prevent the spread of coronavirus, or Covid-19, across member countries.
The jobless rate rose to a three-month high of 7.3 percent in April from 7.1 percent in March, data from Eurostat showed Wednesday. But this was below economists' forecast of 8.2 percent.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.