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

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MNI: EUROZONE DATA: Unemployment Rate (Apr 2019)
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- The Eurozone unemployment (UE) rate declined unexpectedly once again in Apr...
- ... falling by 0.1pp to 7.6%, contrary to market expectations of a steady
reading
- The jobless rate is now at its lowest since Aug 2008
- Among member states, the lowest UE rates were recorded in Germany (3.2%), the
Netherlands (3.3%) & Malta (3.5%)...
- ... while the highest were observed in Greece (18.5% in Feb 2019), Spain
(13.8%) & Italy (10.2%)
- On the year, the UE rate has fallen across all member states bar Luxembourg,
where it remained stable
- Recent surveys such as the PMIs point to a softer outlook for the labour
market going forward...
- ... as firms hold off on expanding their workforces amid pervasive global
uncertainty 

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