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Eurozone unemployment at record high in May

Eurostat, the EU's statistics office, said on Monday that Eurozone unemployment rose 0.1 percentage point in May to 12.1 per cent.
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Brussels:

Official figures show unemployment across the 17 European Union countries that use the euro at another record high in May after revisions to back data.

Eurostat, the EU's statistics office, said on Monday that eurozone unemployment rose 0.1 percentage point in May to 12.1 per cent. That's a new record for the region as the previous months' data were revised down, including April's original 12.2 per cent estimate.

Across the eurozone there were 19.22 million people unemployed, 67,000 up on the previous month. Figures next month will show whether the eurozone's economy remained in recession during the second quarter of the year.

Elsewhere, Eurostat said inflation picked up to 1.6 per cent in the year to June, up from 1.4 per cent the previous month. The rate remains below the European Central Bank's target.



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