India, May 3 -- Euro area jobless rate remained unchanged at a record low for the fifth month in a row in March and the unemployment decreased, while a tight labor market could urge the European Central Bank to remain cautious even as policymakers gear up for an interest rate cut in June.
The seasonally adjusted unemployment rate was 6.5 percent in March, which is the same level as in the previous four months, data from Eurostat showed Friday. The rate was in line with economists' expectations. A year ago, the jobless rate was 6.6 percent. The jobless rate for the EU fell to 6.0 percent from 6.1 percent in February. The rate was at a similar level in the same month last year.
The number of unemployed in the euro area decreased by 94,000 m...