The euro area unemployment rate increased only moderately in April despite containment measures implemented to prevent the spread of coronavirus, or Covid-19, across member countries.
The jobless rate rose to a three-month high of 7.3 percent in April from 7.1 percent in March, data from Eurostat showed Wednesday. But this was below economists' forecast of 8.2 percent.
The number of unemployed increased by 211,000 from March to 11.919 million in April. The unemployment rate among euro area youth aged below 25 rose to 15.8 percent in April from 15.1 percent in March.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.