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31st Jul 2023 20:29Eurozone, Daily Monitor

  • The number of people out of work in the EZ is at a record low; ECB hawks will jump on these data.
  • We think the unemployment rate will hold broadly steady out to at least 2025...
  • ...A tight labour market is consistent with the end of the ECB hiking cycle after September.

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Keywords for: 2 August 2023 Eurozone Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence