EU Unemployment Rate Stays at Six Percent in May 2021 Despite Global Economic Challenges

In May, the unemployment rate in the 20-member eurozone was 6.4 percent, according to the International Labor Organization (ILO) methodology, which is a decrease of 0.1 percentage point compared to May of the previous year as reported by the European Statistical Office. The EU also maintained its unemployment rate at six percent in May, which is the same level as in April and May of the previous year. Eurostat reported that there were 13.2 million unemployed citizens in the EU in May, with 11.08 million of them in the eurozone.

Compared to April, the number of unemployed individuals increased by 38 thousand in the Eurozone and by 13 thousand in the EU. On an annual basis, the number grew by three thousand in the Eurozone and by 163 thousand in