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

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MNI: EUROZONE DATA: Unemployment Rate (Jun 2019)
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- The Eurozone unemployment (UE) rate declined unexpectedly once again in May...
- ... falling by 0.1pp to 7.5%, contrary to market expectations of a steady
reading
- The jobless rate is now at its lowest since Jul 2008
- Among member states, the lowest UE rates were recorded in Germany (3.1%), the
Netherlands (3.3%) & Malta (3.5%)...
- ... while the highest were observed in Greece (18.1% in Mar 2019), Spain
(13.6%) & Italy (9.9%)
- On the year, the UE rate has fallen across all member states bar Austria
(where it remained stable) & Luxembourg (where it rose 0.1pp to 5.7%)
- The largest decreases were registered in Greece (from 20.2% to 18.1% between
Mar 2018 and Mar 2019), Spain (from 15.4% to 13.6%) & Cyprus (from 8.3% to 6.5%)

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