Euro Area: Unemployment rate stable in May

Euro Area Unemployment May 2023

Euro Area: Unemployment rate stable in May

The seasonally adjusted unemployment rate came In at 6.5% in June, unchanged from May.

Nine economies saw their unemployment rates decrease in May, including Italy. Meanwhile, eight economies had stable unemployment rates, including the France and Germany, while three economies saw their unemployment rates increase, including the Netherlands and Spain.

Significant disparities in labor market conditions between core and periphery countries persist. Spain (12.7%) and Greece (10.8%) are the economies with the highest unemployment rates. At the other end of the spectrum, Malta (2.8%) and Germany (2.9%) have the lowest unemployment rates.

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