Eurozone Oct. Jobless Rate Remains Stable

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The seasonally adjusted jobless rate for the euro area remained stable at 9.8% in October, and also matched economists' expectations, the Eurostat reported Tuesday. The statistical office revised the unemployment rate for September from 9.7%. The number of persons unemployed increased 134,000 from September.

In EU 27, the unemployment rate was 9.3% in October compared with 9.2% in September. Among the member states, the lowest unemployment rates were recorded in the Netherlands and Austria, while Latvia registered the highest rate.

The seasonally adjusted jobless rate for the euro area remained stable at 9.8% in October, and also matched economists' expectations, the Eurostat reported Tuesday. (Market News Provided by RTTNews)