Eurozone June unemployment rate 7.5% vs 7.5% expected

Latest data released by Eurostat - 31 July 2019

• Prior 7.5%; revised to 7.6%

The revision to the May release sees the unemployment rate fall to its lowest level since July 2008 in the month of June. This further reinforces tight labour market conditions in the euro area but once again, it has not translated into meaningful inflation pressures whatsoever.