Eurostat released its unemployment data for the Eurozone on Tuesday. Eurozone's unemployment rate remained unchanged at 11.1% in May, in line with expectations. It was the lowest level since March 2012.

There were 17.726 million unemployed in the Eurozone in May, down 35,000 from April.

The lowest unemployment rate in the Eurozone in April was recorded in Germany (4.7%), and the highest in Greece (25.6% in March 2015) and Spain (22.5%).

The youth unemployment rate was 22.1% in the Eurozone in May, compared to 23.8% in May a year ago.