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MNI: GERMAN DATA: Unemployment (Apr 2019) Preview....>

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MNI: GERMAN DATA: Unemployment (Apr 2019) Preview - 08:55 BST
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- Bloomberg Consensus: -7K, 4.9%; MNI Median: -9K, 4.9%; Previous (Mar): -7K,
4.9%
- Markets expect the unemployment rate to hold steady at March's
post-reunification low
- The German labour market has remained resilient amid the wider economic
slowdown
- Despite declining sentiment, firms are continuing to hire, as skills shortages
have intensified competition for labour
- With unemployment numbers at record lows, robust rises in vacancies and
employment, low inflation and higher wages... 
- ... private consumption should be a key driver of growth this year...
- ... but consumers are likely to maintain some precautionary savings amid an
environment of heightened global uncertainty

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