Euro Area: Unemployment rate rises in May
Latest reading: In May, the seasonally adjusted unemployment rate rose to 6.3% from April’s record-low of 6.2%.
As for the Eurozone’s largest economies, the unemployment rate rose in Italy, stabilized in France, Germany and the Netherlands, and fell in Spain.
Significant disparities in labor market conditions between members persist: Spain was the economy with the highest unemployment rate in May (10.8%), followed by Finland (9.0%). At the other end of the spectrum, Malta (2.7%) and Cyprus (3.6%) had the lowest unemployment rates.