The overall employment rate in the euro area remains modest by international standards – 65.7% in the euro area, compared with 72% in the United States – and the unemployment rate is still clearly too high – over 7% in the euro area.
The BSP has also created an internal technical working group to proactively address cybersecurity concerns on financial transactions and data privacy of their clients. The BSP has also created an internal technical working group to proactively address cybersecurity concerns on financial transactions and consumer complaints.