Eurozone Unemployment Rate Rises Less Than Expected in May

The Eurozone unemployment rate fell short of economists’ expectations in May, indicating that measures to protect jobs in the Eurozone have paid off.

Although the unemployment rate in the Eurozone peaked for four-months high at 7.4%, data from Eurostat reported, economists’ expectations at 7.7%. The unemployment rate in April was at 7.3%.

The number of registered unemployed in Spain increased to 0.13% in June. In addition to 5,017 jobless claims for the same period. There were 847,197 more jobless people in June compared in the same month a year ago.