EU Avg Unemployment Rate Edges up to 10.3% in May

EU Avg Unemployment Rate Edges up to 10.3% in May

The average unemployment rate across the European Union (EU) stood at 10.3% in May, up 0.1% from April and 0.8% higher on the year, data from the EU's statistical office indicated.

A total of 24.87 million men and women in the EU were unemployed at the end of May, up by 151,000 people from the previous month, Eurostat data showed on Monday.

Austria had the lowest jobless rate at the end of May, 4.1%, while Spain remained the EU country with the highest unemployment, reaching 24.6%.

Compared with a year ago, the unemployment rate fell in eight member states, increased in 18, and remained stable only in Hungary.

Some 5.52 million young people, under the age of 25, were unemployed at the end of May, up by 282,000 from the same month last year.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.