In May 2025, the eurozone's unemployment rate rose to 6.3%, while the EU rate remained stable at 5.9%. Unemployment in the eurozone saw a slight increase from the previous year, with Italy experiencing a notable rise. Wage growth is expected to drop to around 3% by year-end, aligning with the ECB's inflation target of 2%. Despite declining interest rates, businesses face uncertainty due to US tariffs and geopolitical tensions.