Euro Area: Unemployment rate falls in April
Latest reading: In April, the seasonally adjusted unemployment rate fell to 6.2% from March’s upwardly revised 6.3%. The figure matched the record low set in December.
As for the Eurozone’s largest economies, the unemployment rate fell in France, Italy and the Netherlands, and stabilized in Germany and Spain.
Significant disparities in labor market conditions between members persist: Spain was the economy with the highest unemployment rate in April (10.9%), followed by Finland (9.1%). At the other end of the spectrum, Malta (2.7%) and Germany (3.6%) had the lowest unemployment rates.