Eurozone unemployment rate rose to 7.4%, better than expectations

<p>Eurozone unemployment rate rose 0.1% to 7.4% in May, better than expectation of 7.7%. EU unemployment rate also rose 0.1% to 6.7%. 12.146m people were unemployed in Eurozone, 14.366m in EU. Eurozone PPI came in at -0.6% mom, -5.0% yoy, in May. EU PPI was at -0.5% mom, -4.6% yoy.</p>
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