Unemployment in the eurozone stood at 6.2% in June, according to the European Union’s statistical office. In May, according to the revised data, it was also at 6.2%, not 6.3%, as previously reported. Analysts on average expected unemployment to remain at the previously announced May level, according to Trading Economics.
For comparison, in June 2024, the unemployment rate was 6.4%.
Unemployment was at a record low of 6.2% in October and November 2024, then rose, and in April fell again to the lowest level on record.
In June, the number of unemployed in the euro area decreased by 62 thousand compared to the previous month, to 10.7 million people.
The share of unemployed youth (population under 25) fell to 14.1% from 14.3%.
The lowest unemployment rate among the largest eurozone countries was recorded in Germany (3.7%), and the highest in Spain (10.4%).
In the European Union, unemployment remained at 5.9% in June. In the same month of 2024, it was 6%.
