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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

ECB President Lagarde's remarks suggest a robust labor market characterized by near-record low unemployment and rising participation, indicating sustained economic strength.

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

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.

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