Unemployment Rate shows the number of unemployed persons in percentage of the working-age population. The calculation is performed monthly. The unemployed are defined as persons from 15 to 74 years of age not currently employed; currently available for work; actively looking for work.
The indicator growth can have a negative effect on the euro quotes.
The chart of the entire available history of the "European Union Unemployment Rate" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.