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Investing.com -- The eurozone’s unemployment rate increased to 6.3% in May from 6.2% in April, according to data released by the European Union’s statistics agency Eurostat on Wednesday.
This small increase was contrary to economists’ expectations, as a consensus poll had predicted the rate would remain steady at 6.2%.
Despite the rise, the unemployment rate in the 20-nation currency area remains close to historically low levels. The April figure of 6.2% had matched the eurozone’s record-low unemployment rate.
Eurostat had previously revised March’s unemployment rate higher to 6.4%.
The slight uptick in May comes as European companies face economic uncertainty related to tariffs and geopolitical tensions.
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