Market news
01.07.2016, 09:25

EU unemployment at 10.1% in May

The euro area (EA19) seasonally-adjusted unemployment rate was 10.1% in May 2016, down from 10.2% in April 2016 and from 11.0% in May 2015. This is the lowest rate recorded in the euro area since July 2011. The EU28 unemployment rate was 8.6% in May 2016, down from 8.7% in April 2016 and from 9.6% in May 2015. This is the lowest rate recorded in the EU28 since March 2009. These figures are published by Eustat. Eurostat estimates that 21.084 million men and women in the EU28, of whom 16.267 million were in the euro area, were unemployed in May 2016. Compared with April 2016, the number of persons unemployed decreased by 96 000 in the EU28 and by 112 000 in the euro area. Compared with May 2015, unemployment fell by 2.166 million in the EU28 and by 1.440 million in the euro area.


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