by Fri, 01 Apr 2011 11:03:00 +0200
EU: Unemployment Rate improves in Feb following last month´s revision
FXstreet.com (Barcelona) - The EU unemployment rate dipped to 9.9% in Feb, a slight improvement when considering the upwardly revised 10% in Jan.
The Unemployment Rate released by the Eurostat is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the European Economy. If the rate is up, it indicates a lack of expansion within the European lobar market. As a result, a rise leads to weaken the European economy. Generally speaking, a decrease of the figure is seen as positive (or bullish) for the EUR, while an increase is seen as negative (or bearish).
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