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Market Updates: Eurozone Quarterly Unemployment Rate Jumps

For all the newbies, unemployment rate shows a percentage of total workforce that is unemployed and actively seeking employment during the previous quarter.

Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.

According to ISTAT, the Eurozone Quarterly Unemployment Rate soared to 10.62 vs. 10.3 previously.

The figure is worse than the previous ones especially the 10.2 and 10.3 released in September and December. So far, the Euro has a muted impact as investors got bigger figures to trade during the New York session.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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