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Friday, Eurostat said in a report that Eurozone jobless rate stood at 9.4% in June, up from 9.3% in the previous month, which was revised from 9.5% reported initially. This was the highest jobless rate since June 1999. Economists had expected the rate to be 9.7%. A year ago, the jobless rate was 7.5%.
In June, the number of unemployed persons increased by 158,000 month-on-month to 14.89 million. Compared to the previous year, unemployment rose by 3.2 million.
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