[Asia Economy Reporter Onyu Lim] The Eurozone's unemployment rate in May slightly increased compared to the previous month but was lower than market expectations.


According to Eurostat, the statistical authority of the European Union (EU), the unemployment rate in May was recorded at 7.4%.



This is a 0.1% rise from the previous month's figure (7.3%). However, it was lower than the Wall Street Journal (WSJ) forecast of 7.7%.


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