ECB President Lagarde (Q&A), on the labour market, says a lot of the data are backdated; we are seeing increased participation, slightly lower unemployment, vacancies are growing more moderately than in the past

• Labour market is still active where unemployment nearly at 'rock bottom'
• Certainly not saying labour market is in difficulty

ECB President Lagarde's remarks suggest a robust labor market characterized by near-record low unemployment and rising participation, indicating sustained economic strength. Her framing hints at a stable outlook for monetary policy, as the labor market does not appear to be under pressure, which could influence expectations for future rate decisions by the ECB.