Euro Area unemployment remained unchanged May 2011

The Euro Area unemployment rate remained unchanged during May 2011 on 9.9%; according to the recent Eurostat report, the rate was still lower than the rate of unemployment during May 2010.


It’s estimated that nearly 22.378 million people in the EU27 were unemployed in May; 15.51 million people were unemployed in the Euro Area.


The lowest unemployment rate among the Euro members was recorded in Netherlands (4.2%), Austria (4.3%) and Luxembourg (4.5%), while the highest rate was in Spain (20.9%).

This news doesn’t seem to surprise much the financial markets as the Euros to US dollar exchange rate doesn’t demonstrate much change.

Euros to USD is currently traded down at 1.4484 a 0.1221% decrease as of 15:58*.

The USD to Canadian dollar exchange rate is traded down at 0.9622 a 0.1212% decrease as of 15:58*.

Current Nymex crude oil price, short term futures (July 2011 delivery) is traded down by 1.07%, at $94.40 per barrel as of 15:52*.

Current gold price, short term futures (July 2011 delivery) is traded at $1,485.30 per t oz. a $17.5 decrease or 1.16%, as of 15:47*.

(* GMT)


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