Economy

European markets close lower as unemployment remains high

EU unemployment rate at 6.7% in October, unchanged from previous month

Ovunc Kutlu   | 02.12.2021
European markets close lower as unemployment remains high

ANKARA 

European stock markets closed lower Thursday as unemployment in the region remains high.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, fell 5.42 points, or 1.15%, to close at 465.44.

London's FTSE 100 declined 39 points, or 0.55%, to end the day at 7,129.

Germany's DAX 30 lost 209, or 1.35%, to 15,263 points, while France's CAC 40 was off 86 points, or 1.25%, to 6,795.

Italy's FTSE MIB 30 plummeted 366 points, or 1.39%, to end the day at 26,005.

Spain's IBEX 35 was the worst performer of the day -- shedding 151 points, or 1.8%, to close at 8,300.

The euro area unemployment rate stood at 7.3% in October, down slightly from 7.4% in the previous month, according to the statistical office of the EU.

The EU unemployment rate was 6.7% in October, unchanged from the previous month, according to Eurostat.


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