Eurozone unemployment rate in July stable at record low

Number of unemployed surges 73,000 from prior month, reaching 10.9M in euro area

By Tuba Ongun

The jobless rate in the euro area remained stable at a record low of 6.4% in July compared to the prior month, the EU's statistical office announced on Thursday.

The figure, meeting market forecasts, was down from 6.7% in July 2022, Eurostat data showed.

EU-wide unemployment, which includes countries that are in the bloc but don't use its common currency, also remained unchanged at 5.9% in July compared to June and was down from 6.1% a year earlier.

Some 12.9 million people in the EU, including 10.9 million in the euro area, were unemployed during the month.

The number of jobless jumped 35,000 in the 27-member bloc and 73,000 in the single currency zone, compared to June.

Youth unemployment came in at 13.9% in the EU and 14.2% in the euro area.

Kaynak: