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.

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