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

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MNI: EUROZONE DATA: Unemployment Rate (Jun 2019) Preview - 10:00 BST
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- Bloomberg Consensus: 7.5%; MNI Median: 7.5%; Previous (May): 7.5%
- The EZ UE rate declined by 0.1pp for a third successive month in May, to reach
its lowest level since Jul 2008 
- While markets look for it to have held steady in Jun, the MNI Data Team sees
the potential for another 0.1pp decline to 7.4%
- Indeed, although available national data shows that joblessness increased in a
number of countries in Jun - including France, Spain & the Netherlands...
- ... these gains were outpaced by declines in Germany, Austria & Finland
- More timely indicators of conditions in the labour market, including
survey-based measures, suggest that the unemployment rate may soon bottom out
- The latest flash Composite PMI survey revealed that pvt sector firms across
the EZ expanded their workforces by the smallest margin in 34 months in Jul
- Firms appear increasingly reluctant to expand their workforces amid pervasive
global uncertainty and downside risks

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