Employment in the US decreased in May by 2.8 million jobs. According to payroll processor ADP, the decrease was much less than a month earlier and also much less than economists expected. On average, economists had anticipated a decrease of 9 million jobs. The April figure was revised to a decline of almost 20 million jobs, from the 20.2 million previously reported. This was the biggest decrease on record measured by ADP.
Unemployment in the eurozone increased in April due to the negative effects of the corona crisis on the economy and labour market. According to European statistics office Eurostat, the unemployment rate reached 7.3% in April, compared to 7.1% in March. According to Eurostat, almost 12 million people were unemployed in the euro area of 19 countries.
Producer prices in the eurozone decreased by 2% in April compared to a month earlier, according to Eurostat. The price decrease is mainly due to the significantly lower energy prices, led by the oil prices. On average, economists expected prices to fall by 1.8%.
The 6M Euribor decreased with 2 basis points to -0.18% compared to previous business day. The 10Y Swap increased with 3 basis points to -0.06% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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