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

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MNI: EUROZONE DATA: Unemployment Rate (May 2019) Preview - 10:00 BST
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- Bloomberg Consensus: 7.6%; MNI Median: 7.6%; Previous (Apr): 7.6%
- The EZ UE rate declined by 0.1pp in Apr to 7.6% - its lowest since Aug 2008...
- ... and markets expect it to remain at that level in May
- Although the jobless rate has been falling steadily since mid-2013, the pace
of decline started to slow in H2 2018
- And recent business surveys point to a softer labour market outlook going
forward
- Firms appear increasingly reluctant to expand their workforces amid pervasive
global uncertainty and downside risks
- Indeed, data from Germany's Federal Labour Office showed unemployment in the
EZ's largest member state ticking higher in May for the first time in more than
five years (rising to 5.0% from 4.9% in Apr)

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