EZ Unemployment (Dec.)

The euro-zone unemployment rate fell yet again in December, to just 7.0%, capping off a remarkable year for the region’s labour market. Most of the spare capacity that built up during the pandemic now seems to have disappeared, suggesting that wage growth will start to pick up. Euro-zone Drop-In: Why the ECB will be laying the groundwork for rate hikes in 2023. Join Andrew Kenningham and the Europe team for a discussion about their Q1 euro-zone Economic Outlook report on Tuesday, 1 Feb at 09:00 EST/14:00 GMT. Registration here.

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