Euro Area Jobless Rate Ties Record Low at 6.2%

2026-07-02 09:13 By Luisa Carvalho 1 min. read

The Euro Area seasonally adjusted unemployment rate came in at 6.2% in May 2026, tying the record lows from late 2024 and unchanged from the prior month.

Analysts had estimated it at 6.3%.

The number of unemployed fell by 55,000 from a month earlier to a near 1-1/2-year low of 10.986 million.

Meanwhile, youth unemployment stood at 14.7% in May, matching April's reading, with 2.313 million young people under 25 unemployed.

Among the major economies in the bloc, Germany (3.8%) and the Netherlands (3.9%) recorded the lower rates, whereas Spain (10.3%), France (8.2%), and Italy (5%) posted the highest rates.

A year ago, the jobless rate was also at 6.3%.

In the broader European Union, the unemployment rate remained unchanged at 5.9% in May.



News Stream
Euro Area Jobless Rate Ties Record Low at 6.2%
The Euro Area seasonally adjusted unemployment rate came in at 6.2% in May 2026, tying the record lows from late 2024 and unchanged from the prior month. Analysts had estimated it at 6.3%. The number of unemployed fell by 55,000 from a month earlier to a near 1-1/2-year low of 10.986 million. Meanwhile, youth unemployment stood at 14.7% in May, matching April's reading, with 2.313 million young people under 25 unemployed. Among the major economies in the bloc, Germany (3.8%) and the Netherlands (3.9%) recorded the lower rates, whereas Spain (10.3%), France (8.2%), and Italy (5%) posted the highest rates. A year ago, the jobless rate was also at 6.3%. In the broader European Union, the unemployment rate remained unchanged at 5.9% in May.
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