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2nd Jan 2024 21:19Eurozone, Daily Monitor

  • German jobless claims fell less than expected in December, but we doubt the trend is improving.
  • Employment growth slowed midway through Q4, and momentum will wane further in Q1.
  • Nominal income growth is slowing, but real wage growth is rebounding as inflation falls.

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Keywords for: 4 January 2024 Eurozone Monitor

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