Eurozone unemployment steady at 10pc
EUROZONE unemployment held stable in May at ten per cent, compared with the downwardly revised figure in April in the first sign of an improving labour market thanks to economic recovery.
The unemployment rate was revised down from 10.1 per cent to 10.0 per cent for April, and stayed there in May.
Some economists had expected a dip as Greece and Spain struggled to get their economies back on track.
The European Union’s statistical office also said prices at euro zone factory gates remained subdued in May in line with expectations, pointing to low underlying inflation pressure.