The euro area unemployment rate remained stable at seasonally adjusted 12.1 percent in June, data from Eurostat showed Wednesday. The statistical office revised May's jobless rate to 12.1 percent from 12.2 percent estimated on July 2. The June rate was seen at 12.2 percent. The number of unemployed decreased by 24 000 to 19.266 million in June. Compared with June 2012, unemployment rose by 1.129 million, it said. A separate flash report from Eurostat showed that inflation held steady at 1.6 percent in July. The rate came in line with economists' expectations. At the same time, core inflation slowed moderately to 1.1 percent from 1.2 percent in the previous month. The final report is due on August 16. by RTT Staff Writer For comments and feedback: editorial@rttnews.com

Source