Euro Area: Unemployment rate edges up in August
Latest reading: In August, the seasonally adjusted unemployment rate inched up to 6.3% from July’s record-low 6.2%.
As for the Eurozone’s largest economies, the unemployment rate rose in Italy and the Netherlands, stabilized in France, Germany, and declined in Spain.
Significant disparities in labor market conditions between members persist: Spain was the economy with the highest unemployment rate in August (10.3%), followed by Finland (9.8%). At the other end of the spectrum, Malta (2.9%) and Slovenia (2.9%) had the lowest unemployment rates.