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Eurozone May Jobless Rate At Record High

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.

by RTT Staff Writer

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