Euro-Area Unemployment Climbs to Record on Spanish Cuts - Bloomberg

Euro-Area Unemployment Climbs to Record on Spanish Cuts - Bloomberg

The jobless rate in the 17-nation euro area rose to 11.1 percent in May from 11 percent in April, the European Union’s statistics office in Luxembourg said today. That’s the highest since the data series started in 1995.
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In the euro area, 17.561 million people were unemployed in May, an increase of 88,000 from the previous month, today’s report showed.
Spain’s unemployment rate, highest in the European Union, increased to 24.6 percent in May from 24.3 percent a month earlier.