Euro-Area Jobless Rate Unchanged as Crisis Legacy Lingers

The euro-area unemployment rate was unchanged in May as the currency bloc struggled to shake off the legacy of the debt crisis.

The jobless rate remained at 11.6 percent after the April number was revised down from 11.7 percent, the European Union’s statistics office in Luxembourg said today. The median forecast in a Bloomberg News survey of 26 economists was for the rate to hold at the previous level.