Latest data released by the Federal Employment Agency - 29 March 2019
- Prior -21k; revised to -20k
- Unemployment rate 4.9% vs 4.9% expected
- Prior 5.0%
The key takeaway here is that we're still seeing further tightening in Germany's labour market as the unemployment rate falls to a record low of 4.9%. That said, much like other major economies, this hasn't really translated into any meaningful wage/inflation pressures so it isn't going to provide much uplift to the country/regional outlook.
