German employment shines, Euro zone still bleak

Today at 8:55 GMT German unemployment data was published.

• Data showed that unemployment rate remained stable at 6.5 percent. Pay roll added 20,000 more jobs.

• The growth in employment, GDP, export for Germany remained robust as seen in the recent data and market participants showed their vote of confidence in buying German 5 year bund at negative yield yesterday.

• Euro remained unmoved over the good data print as the currency not only presents Germany but 19 countries as a whole.

• Many of the Euro zone countries are still in trouble where unemployment hovers above 10 percent.

• Scenario is scarier in Spain and Greece, where every one in five does not have a job.

• Even better off countries like Netherlands, Austria, Finland have unemployment rates hovering above 8 percent.

Until the situation improves for the general people it is very difficult to experience a strong Euro over long term. So far the measures like very easy monetary policy by ECB failed to tackle the situation.

Chart shows the situation in different countries.