Eurozone May unemployment rate 7.5% vs 7.6% expected

Author: Justin Low | Category: News

Latest data released by Eurostat - 1 July 2019

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.

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