Latest data released by the Federal Employment Agency - 29 November 2018
- Prior -11k; revised to -12k
- Unemployment rate 5.0% vs 5.1% expected
- Prior 5.1%
Of note, the unemployment rate falls to a record low of 5.0% as the labour market continues to show further signs of tightening. Once again, if only this translate into wage growth and the ECB will have less headache about inflationary pressures. Then again, if only.
