Unemployment in the eurozone edged down to 10.1 per cent in May, its lowest level in nearly five years, according to data released Friday, according to dpa. The European currency union has made some progress in whittling down the jobless rate in its territory since levels hit a record 12.1 per cent in 2013. However, many still consider it to be unacceptably high. The number of people out of work in the 19-country eurozone decreased by 112,000 from April to May, the EU statistics agency Eurostat said. The seasonally adjusted jobless rate is now at its lowest level since July 2011. Almost 16.3 million people were out of work in the eurozone in May. Almost 2.9 million of them were under the age of 25, leading to a youth unemployment rate of 20.7 per cent. The Czech Republic, Malta and Germany continued to record the lowest jobless rates, with overall unemployment at around 4 per cent and youth unemployment ranging from 6.9 to 10.1 per cent. Greece and Spain, meanwhile, continued to report the highest figures. In Spain it slipped just below the 20-per-cent mark, while Greece's March figure - the most recent available - stood at 24.1 per cent, with youth unemployment above 50 per cent. In the wider 28-country European Union, unemployment dropped in May to 8.6 per cent, its lowest level in more than seven years. More than 21 million people were out of work in the bloc, of whom 4.2 million were under the age of 25.