Europe’s Unemployment Rate Falls To Record Low 6.6%

Employment within the European Union fell to a record low 6.6% in May.

The record low unemployment level comes as the European economy recovers from the global
pandemic.

The European Union's statistics office, Eurostat, said that unemployment in the 19 countries
that use the Euro currency fell to 6.6% in May from a revised 6.7% rate in April.

Economists had forecast that the unemployment rate in Europe during May would be 6.8%,
which was the previous record low.

The 6.6% unemployment rate is the lowest level since the data started being tracked in 1998,
just before the official launch of the Euro currency on January 1, 1999.