The unemployment rate in the eurozone went below analyst expectations, landing at 6.6% in May, 0.1 points lower that the April figure, Eurostat reported on Thursday.
In specific terms, Eurostat noted that 13,066 million people, of whom 11,004 in the euro area, were unemployed in May. Compared to the same period in 2021, general unemployment decreased by 2,515 million in the EU and by 2,165 million in the eurozone.
Furthermore, youth unemployment in May was 13.3% in the EU and 13.1% in the euro area, in both cases down from 13.8% in April.