Eurozone unemployment unchanged in May

The Eurostat statistics agency said the jobless rate in the 19-nation eurozone remained at 9.3 percent in May.

Eurozone unemployment unchanged in May

World Bulletin / News Desk

Unemployment in the eurozone remained stable in May as a hiring spree remained on course amid a strengthening economic recovery in Europe, EU figures showed Monday.

This kept the unemployment rate at its lowest level since March 2009, though the rate rose slightly in trouble spots Italy and France.

During the worst of the debt crisis, unemployment in the single currency bloc peaked at 12.1 percent with 19.3 million people looking for work in April 2013.

The number of unemployed in May stood at just over 15 million, according to Eurostat.

The latest figure was on par with the 9.3 percent unemployment predicted by analysts compiled by Factset, a data company.

The rate was again lowest in Germany, the eurozone's biggest economy, with 3.9 percent in May, while the second economy, France, saw joblessness edge up to 9.6 percent.

Greece remained the country with the most unemployed at 22.5 percent (according to March figures), followed by Spain with 17.7 percent.

Italy, with its economy shaken by recent banking failures, saw unemployment up from 11.2 percent to 11.3 percent.

Last Mod: 03 Temmuz 2017, 12:27
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