Eurostat said the 21-member currency bloc’s jobless rate was unchanged after a downward revision to April, indicating labor-market resilience despite wider economic disruption, while youth unemployment and regional gaps remain concerns.
Eurozone unemployment held at a record-low 6.2% in May, with Eurostat saying the rate for the 21-member currency bloc was unchanged from April after that month was revised down to 6.2%. The data point to labor-market resilience despite broader economic disruption tied to conflict in the Middle East, although persistent youth unemployment and uneven conditions across member economies continue to complicate the outlook.