Euro zone unemployment rate hits record high 12.1% in March
Investing.com – The euro zone’s unemployment rate rose to a record high in March, underscoring concerns over the impact of the region’s debt crisis on growth, official data showed on Tuesday.
In a report, Eurostat said that the euro zone’s unemployment rate rose to a seasonally adjusted 12.1% in March, in line with expectations and up from 12% in February.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.3% to trade at 1.3061.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 added 0.1%, France’s CAC 40 fell 0.1%, London’s FTSE 100 was flat, while Germany’s DAX advanced 0.7%.
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