Unemployment in the euro area fell to 10.3%
Today was published important statistics on the unemployment rate in the euro area, the level of which in January was 10.3%, which is 0.1% better than in December. As a result, index reached its lowest level since August 2011. In January 2015 figure was 1.0% higher. The number of unemployed fell by 105 thousands in the euro area. The highest unemployment rate remains in Greece (24.5%) and Spain (20.5%). Despite the positive statistics on the labor market, we expect the increase in the ECB stimulus measures, which will lead to a drop in euro prices in the coming weeks, with potential targets at 1.0800, 1.0700 and 1.0550.
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