The Eurozone unemployment rate rose to a record 11.1 percent in May from 11 percent in April, Eurostat said Monday. The rate matched economists' expectations.
The number of persons unemployed increased by 88,000 in May from the previous month. On a yearly basis, unemployment surged by 1.82 million.
The EU27 unemployment rate was 10.3 percent in May, compared with 10.2 percent in April. Spain has the highest jobless rate of 24.6 percent, followed by Greece with 21.9 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.