Eurozone Unemployment Remains at All-Time Low Despite Economic UncertaintyView all comments (0)0The unemployment rate remained stable at 6.2% in May, with the number of unemployed people trending down by 62,000 people. Even though economic growth slowed again in the second quarter and uncertainty remained high, the labour market continued to show resilienceIt is remarkable. Despite all the economic sluggishness and uncertainty in recent years, the eurozone labour market has remained as strong as ever. With unemployment at 6.2%, the domestic economy continues to be supported by historically low unemployment and income stability for Europeans.As we have previously argued, the strong eurozone job market has been mainly driven by job growth in the south, whereas northern eurozone economies have seen unemployment run up modestly in recent years. In May, the broad pattern was no different as unemployment decreased in Spain, Italy, and Portugal, while the rate remained stable in Germany, France, Belgium, and the Netherlands. Austria and Finland experienced increases.The eurozone economy is facing huge uncertainty now, but business surveys about activity and hiring actually don’t look that bad. This makes it likely that unemployment will continue to trend around the current all-time lows. Low unemployment dampens the impact of economic uncertainty on domestic demand, which contributes to our view of continued economic growth in the coming quarters.Disclaimer: This publication has been prepared by ING solely for information purposes irrespective of a particular user’s means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read moreOriginal PostEurozone Unemployment Remains at All-Time Low Despite Economic UncertaintyView all comments (0)0Latest commentsInstall Our AppScan QR code to install appRisk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.© 2007-2025 - Fusion Media Limited. All Rights Reserved.