Eurozone Jobless Rate Edges Up from Record Low
2025-07-02 09:06
By
Agna Gabriel
1 min. read
The unemployment rate in the Euro Area rose to 6.3% in May 2025 from a record low of 6.2% in April, above market expectations of 6.2%.
The number of unemployed individuals increased by 54 thousand from the prior month to 10.830 million.
Meanwhile, the youth unemployment rate, reflecting those under 25 seeking employment, went up to 14.4% from a downwardly revised 14.4% in the prior month.
Among the bloc’s largest economies, Germany (3.7%) and the Netherlands (3.8%) reported the lowest unemployment rates, while Spain (10.8%), France (7.1%), and Italy (6.5%) continued to post higher levels.
A year ago, the jobless rate was higher at 6.4%.