Eurozone Unemployment Steady at 12 Percent

Euro zone unemployment numbers point to a tepid regional recovery, analysts said on Tuesday, after official data show unemployment levels remained unchanged in August.

Unemployment stood at 12.0 percent in August, European statistics agency Eurostat said, after it revised its previous figure for July.

Although the actual amount of people unemployed fell for a third consecutive month in August to 19.2 million people — the lowest level since April — this was not enough to lower the 12 percent figure.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza