2 Aug 2022 EZ Monitor The EZ Labour Market is Resilient, but Cracks are Now Showing

Claus Vistesen (Chief Eurozone Economist)29th Jul 2022 15:50Eurozone, Daily Monitor

The EZ jobless rate held at a record-low in June, but the number of people unemployed rose slightly.

Ukrainian refugees are lifting labour supply less than expected, but we still see joblessness rising in H2.

We think the EZ unemployment rate will rise to 7.0% by year-end; risks to this forecasts are balanced.

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