Unemployment rate in the eurozone is different from expectations and settles at 6.4%.

The unemployment rate in the euro area stabilized at 6.4%, contrary to expectations that it would rise to 6.5% in June, compared to 6.7% in the same period of 2022.

The number of unemployed fell by 62,000 from the previous month to 10.814 million. Meanwhile, the youth unemployment rate, which measures the number of job seekers under the age of 25, fell to an all-time low of 13.8% in June 2023, decreasing Up from 14% in the previous month.

Among the largest economies of the Eurozone, the lowest unemployment rate was recorded in Germany at 3%, while the highest rate was recorded in Spain at 11.7%.