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Eurozone unemployment stayed flat at 11.0 per cent in May, coming in right in line with expectations.Last month’s data was revised higher, however, from 10.9 per cent to 11.0 per cent.
Yesterday, data showed that unemployment in Germany sank to 6.7 per cent from 6.8 per cent in April.
Today we saw Italian unemployment jump to 10.2 per cent in April from 10.1 per cent before. Earlier predictions for the later data point were revised sharply higher.