Eurozone Unemployment Rate Holds Steady Despite Global Economic Uncertainty

In May, the unemployment rate in the 20-member eurozone stood at 6.4 percent, remaining unchanged from the previous month. This was a decrease of 0.1 percentage point compared to May of the previous year, as reported by Eurostat. The European Union also maintained its unemployment rate at six percent in May, which was the same level as in April and May of the previous year.

When comparing data between May and April, there were 38 thousand more unemployed individuals in the Eurozone and 13 thousand more in the EU. On an annual basis, these numbers grew by three thousand in the Eurozone and 163 thousand in the EU. Spain and Greece were the only countries in