Tags: EU | Europe | Economy

Europe's Unemployment Lowest in More than a Decade

Monday, 01 July 2019 06:39 AM EDT

FRANKFURT, Germany (AP) — The unemployment rate in the 19 European Union countries that use the euro fell to its lowest in more than a decade in May as domestic demand and low interest rates help keep the recovery going.

Official figures Monday showed the jobless rate declined to 7.5 percent from 7.6 percent in April, well below the peak of 12.1 percent in 2013 in the wake of a debt crisis that threatened to break up the euro.

Export-dependent manufacturing has suffered due to the trade conflict between the U.S. and China. But domestic demand has held up, and the economy is further supported by record low interest rates set by the European Central Bank. Weakening indicators and slack inflation have led the ECB to signal more stimulus may be coming.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
The unemployment rate in the 19 European Union countries that use the euro fell to its lowest in more than a decade in May as domestic demand and low interest rates help keep the recovery going.Official figures Monday showed the jobless rate declined to 7.5 percent from 7.6...
EU,Europe,Economy
131
2019-39-01
Monday, 01 July 2019 06:39 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved