US tariffs have created economic headwinds by creating uncertainty around trade, but Europe’s labour market is holding up relatively well.
The eurozone’s seasonally adjusted unemployment rate was 6.2% in June, stable on May’s reading and down from 6.4% in June 2024.
According to Eurostat data released on Thursday, the EU’s unemployment rate was 5.9% in June 2025, also stable compared with May 2025 and down from 6.0% in June 2024.
In total, around 12.97 million people in the EU were unemployed this June, of whom 10.7 million were in the eurozone.
Among member states, the jobless rate was lowest in Malta (2.5%), while the highest rate of 10.4% was seen in Spain.
Job growth is nonetheless stronger in southern eurozone countries, compared to northern economies that have seen unemployment tick up in recent years.
Joblessness decreased in Spain, Italy and Portugal, while the rate remained stable in Germany, France, Belgium and the Netherlands. Countries including Austria, Poland, Denmark, and Finland experienced increases.
