Euro Zone’s Job-Market Puzzle

Defying economic textbooks, unemployment just hit a record low amid what’s shaping up to be a first recession since the pandemic. 

The accompanying jump in pay means officials can’t sound the all-clear on inflation — despite it plummeting to less than 3%.

Bloomberg 22 January 2024

https://www.bloomberg.com/news/articles/2024-01-22/euro-zone-s-job-market-puzzle-shows-risk-of-early-ecb-rate-cuts