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Working hours haven't recovered to pre-pandemic levels (Photo: Chris Goldberg/Flickr)

The eurozone labour market is not as strong as you think

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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Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

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.

Working hours haven't recovered to pre-pandemic levels (Photo: Chris Goldberg/Flickr)

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Author Bio

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.

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