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

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MNI: GERMAN DATA: Unemployment (May 2019) Preview - 08:55 BST
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- Bloomberg Consensus: -8K, 4.9%; MNI Median: -8K, 4.9%; Previous (Apr): -12K,
4.9%
- Markets expect the unemployment rate to hold steady for a third consecutive
month at its post-reunification low of 4.9%
- The total number of unemployed in April was recorded at 2.22mn on a seasonally
adjusted basis... 
- ... 12,000 less than in the previous month 
- Over the year, total unemployment was down by 152,000
- While the German labour market has so far remained resilient to the wider
economic slowdown...
- ... anecdotal evidence suggests that the pace of decline in unemployment might
soften in the second half of the year 
- The May Ifo Employment Barometer, for example, showed a further decline in
German firms' willingness to hire new employees 

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