European companies cut jobs as economy slows

Unemployment rates in euro area and EU for March 2025 -the latest available data according to Eurostat, the statistical office of the European Union- are stable month-on-month, down year-on-year

TLDR:

• In March 2025, the euro area seasonally adjusted unemployment rate was 6.2%, stable compared with February 2025 and down from 6.5% in March 2024. The EU unemployment rate was 5.8% in March 2025, also stable compared with February 2025 and down from 6.0% in March 2024.
• Eurostat estimates that 12.904 million persons in the EU, of whom 10.818 million in the euro area, were unemployed in March 2025
• Compared with February 2025, unemployment increased by 74 thousand in the EU and by 83 thousand in the euro area.
• Compared with March 2024, unemployment decreased by 340 thousand in the EU and by 288 thousand in the euro area.

[Edit typo.]