Euro-Region Unemployment Unchanged as Economy Improves

The euro-area unemployment rate remained unchanged in June amid increasing signs the economy is emerging from its longest-ever recession.

The jobless rate in the economy of the 17 nations using the euro held at 12.1 percent last month, the European Union’s statistics office in Luxembourg said today. That matches the highest on record after May unemployment was revised down to that figure from an initially reported 12.2 percent. Euro-area inflation held steady at 1.6 percent in July after accelerating for two months, a separate report showed.