Euro zone unemployment dips in May

Tuesday 01 July 2014 18.24
Highest levels of unemployment in the euro zone were still in Greece, at 26.8% and Spain at 25.1%.
Highest levels of unemployment in the euro zone were still in Greece, at 26.8% and Spain at 25.1%.

Unemployment in the euro zone fell with 28,000 people getting jobs in May, new figures show today.

The euro zone's unemployment rate was also revised down to 11.6%, with continued improvement seen in Portugal and Ireland.

But a total 18.552 million people remained unemployed in the 18-member euro zone in April, although this was down 636,000 from the level a year earlier, the Eurostat statistics agency said. 

The agency had previously announced a rate of 11.7% for April, but revised the figure lower to 11.6% today. 

The unemployment rate among youths in the euro zone, a huge concern in Europe's crisis-hit countries, dipped by 0.2 points over the month to 23.3% in May. 

Over 12 months, the number of youths without work has fallen by 205,000 to 3.356 million people. 

Across the 28-member European Union, 25.18 million were jobless in May, with the unemployment rate dipping by 0.1 points over the month to 10.3%. 

The highest levels of unemployment were still in Greece, at 26.8% and Spain at 25.1%.