The euro area unemployment rate was 8.7% in December, as expected

Market news

31 January 2018

The euro area unemployment rate was 8.7% in December, as expected

The euro area (EA19) seasonally-adjusted unemployment rate was 8.7% in December 2017, stable compared to November 2017 and down from 9.7% in December 2016. This remains the lowest rate recorded in the euro area since January 2009.

The EU28 unemployment rate was 7.3% in December 2017, stable compared to November 2017 and down from 8.2% in December 2016. This remains the lowest rate recorded in the EU28 since October 2008.

ECB's Coeure says QE will not last forever but there is a very broad agreement that we have to be patient and prudent

Euro area annual inflation is expected to be 1.3% in January

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