(Bloomberg) -- The euro-area's unemployment rate held at its lowest since March 2009 last month, adding to evidence that the regional recovery is solidifying.
The rate in the 19-country bloc remained at 9.3 percent in May, unchanged from April, the European Union's statistics office Eurostat said on Monday. The reading is in line with the median forecast in a Bloomberg survey of economists.
Signs are mounting that a years of exceptionally weak growth and inflation may be ending, with figures last week showing that economic confidence jumped to the highest level in a decade. The European Central Bank has started to discuss unwinding its 2.3 trillion-euro ($2.6 trillion) quantitative easing program, and President Mario Draghi has argued there's room to adjust instruments without tightening monetary conditions.
--With assistance from Andre Tartar and Kristian Siedenburg
To contact the reporter on this story: Catherine Bosley in Zurich at cbosley1@bloomberg.net.
To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss, Marco Babic
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
