Eurozone labour markets have impressed with their resilience during the past year. Even as economic growth falters, all member states are currently at or very near the highest employment rate on record.
In Q1 2023, there hadn't been such a big gap between employment and GDP growth since 1995 (other than during the financial crisis and the pandemic).
Look closer, however, and the picture is not so rosy. According to the European Central Bank, although between Q4 2019 and Q4 2022 t...
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Already a member? LoginCarla Subirana is an economist at Oxford Economics,and worked as a policy analyst for the Bank of England and Europe research analyst for Economist Intelligence.
Carla Subirana is an economist at Oxford Economics,and worked as a policy analyst for the Bank of England and Europe research analyst for Economist Intelligence.