Eurozone unemployment rate drops to lowest since August 2011

The official data released today showed the unemployment rate in Eurozone dropped to 10.3%; the lowest since August 2011. The consensus estimate had called for a reading of 10.4%.

The details of the report revealed robust labor market in Germany helped the number drop despite high jobless rate in Spain and Greece.

Mar 1, 2016

EUR & SEK: Downside risks for inflation more acute in the Eurozone - MUFG

Lee Hardman, Currency Analyst at MUFG, suggests that the euro is continuing to weaken modestly heading into next week’s FOMC meeting.

German labour market remains strong – ING

Carsten Brzeski, Research Analyst at ING, notes that the German unemployment dropped by a non-seasonally adjusted 9,300 in February, bringing the total number of unemployed down to 2.911 million, the best February reading since German reunification.