Eurozone May unemployment rate 7.5% vs 7.6% expected
Latest data released by Eurostat - 1 July 2019
- Prior 7.6%
Labour market conditions continue to tighten further in the euro area with the unemployment rate here falling to its lowest level since July 2008. While the headline is definitely a positive, it hasn't quite translated into meaningful wage pressures to stimulate inflation and that's the bigger problem faced by the ECB.