Unemployment in the eurozone remained at a historic low at the end of the second quarter, strengthening the likelihood that the European Central Bank will hold interest rates unchanged.
According to data from Eurostat released Thursday, the eurozone unemployment rate remained at 6.2% in June, unchanged from the revised May estimate and matching historically low levels.
This is despite uncertainty stemming from the US tariff hikes imposed in early April and the threat of even higher tariffs before a trade agreement is reached.
"It's surprising that, despite the economic stagnation and uncertainty of recent years, the eurozone labor market has remained as strong as ever," Bert Colijn, an economist at ING, said in a note, according to the Wall Street Journal
