Latest data released by the Federal Employment Agency - 28 September 2018
- Prior -8k; revised to -10k
- Unemployment rate 5.1% vs 5.2% expected
- Prior 5.2%
A beat there on the unemployment change and the unemployment rate falls to a record low of 5.1%. The continued tightness in the German labour market extends. Not a major data point though. But the ECB will be hoping this translates to stronger wage growth and in turn wage-based inflation.
