The jobless rate was lower than in the second quarter of 2013, when the rate stood at 7.5%.
An estimated 624,000 people were unemployed in the second quarter of 2014, from a total active population of 9.3 million, INS said.
The jobless rate stood at 7.4% among men, while unemployment reached 5.9% among women.
The figures refer to people aged between 15 and 64 and are based on the definition recommended by the International Labor Organization.