Labor market woes in euro area showed no signs of abating with the unemployment rate climbing to a new record high in April, according to the latest figures published by Eurostat on Friday.
The seasonally adjusted unemployment rate rose to 12.2 percent in April from 12.1 percent in March. The outcome matched economists' forecast.
According to Eurostat estimates, 19.375 million people in euro area were unemployed in April. This was 95,000 higher than in March and exceeded previous years' level by 1.644 million.
Youth unemployment worsened again in April with 3.624 million persons aged below 25 left with no job. The number of unemployed youth was 188,000 higher than in April 2012.
Youth unemployment rate was 24.4 percent in the euro area in April compared with 22.6 percent in April 2012.
Total jobless rate in EU 27 remained unchanged at 11 percent in April. Among the EU member states, the highest unemployment rate was in Greece, closely followed by Spain. The lowest rates were observed in Austria, Germany and Luxembourg.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
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.