Euro Area: Unemployment rate falls in July
Latest reading: In July, the seasonally adjusted unemployment rate fell to a record-low 6.2% from June’s upwardly revised 6.3%.
As for the Eurozone’s largest economies, the unemployment rate stabilized in France, Germany, Spain and the Netherlands, while it fell in Italy.
Significant disparities in labor market conditions between members persist: Spain was the economy with the highest unemployment rate in May (10.4%), followed by Finland (9.5%). At the other end of the spectrum, Malta (2.6%) and Slovenia (2.9%) had the lowest unemployment rates.