Eurozone unemployment rate rises slightly to 6.3%, overall labor market still strong

From Investing.com: 2025-07-02 06:08:00

The eurozone unemployment rate rose from 6.2% to 6.3% in May, driven by an increase in Italy. Despite this, the overall labor market in the eurozone remains strong with significant shortages. Unemployment rates in major eurozone economies remained stable, except for Italy, which saw an increase from 6.1% to 6.5%. Southern European labor markets have been stronger recently, with expectations for continued strength. Vacancy rates are higher than pre-2018 levels, leading to expectations of higher wage growth. Wage growth is expected to drop to around 3% by year-end, aligning with the ECB’s 2% target.



Read more at Investing.com: Eurozone Unemployment Ticks Up, but Tight Labour Market Keeps Pressure on ECB