Euro Area: Unemployment rate remains stable in May
Latest reading: In May, the seasonally adjusted unemployment rate remained at April’s 6.2%, coming in slightly below market expectations and remaining at historical lows.
As for the Eurozone’s largest economies, the unemployment rate was stable in France, Germany, Spain and the Netherlands, while it fell in Italy.
Significant disparities in labor market conditions between members persist: Finland was the economy with the highest unemployment rate in April (10.8%), followed by Spain (10.3%). At the other end of the spectrum, Bulgaria (2.9%) and Cyprus (3.1%) had the lowest unemployment rates.