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MNI: EUROZONE DATA: Unemployment Rate (Apr 2019).....>

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MNI: EUROZONE DATA: Unemployment Rate (Apr 2019) Preview - 10:00 BST
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- Bloomberg Consensus: 7.7%; MNI Median: 7.7%; Previous (Mar): 7.7%
- The EZ UE rate declined by 0.1pp in Mar to 7.7% - its lowest since Sep 2008 
- Although the jobless rate has been falling steadily since mid-2013, markets
expect it to hold firm in Apr...
- ... supported by surveys showing a softening in firms' hiring intentions in
recent months
-  But with national data revealing that joblessness fell in Apr across Germany,
France & Spain...
- ... the aggregate Eurozone UE rate could have edged down slightly further
- Nevertheless, May figures for Germany suggest a less rosy picture ahead
- Indeed, the Eurozone's largest member state saw its UE rate tick higher for
the first time in five years... 
- ... fuelling concerns over the resilience of the bloc's labour markets amid
the externally-led manufacturing slowdown

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