Euro Area: Unemployment rate ticks down in April
The seasonally adjusted unemployment rate fell to 6.4% in April from 6.5% in March.
As for the Eurozone’s largest economies, the unemployment rate fell in France and Italy, remained stable in Germany and Spain, and rose in the Netherlands. Significant disparities in labor market conditions between core and periphery countries persist: Spain is the economy with the highest unemployment rate of 11.7%, followed by Greece (10.8%). At the other end of the spectrum, Malta (3.1%) and Germany (3.2%) have the lowest unemployment rates.