Latest / The European Economy Podcast with Fexingo: ECB, Eurozone, and Continental Markets
Why Eurozone Labor Costs Are Rising While Jobs Stall
Lucas and Luna examine a puzzling disconnect in the Eurozone economy: nominal labor costs per hour are rising at their fastest pace in over two decades, yet hiring has slowed sharply and the unemployment rate is ticking up. They break down what's driving the cost increase - from minimum wage indexation in Germany to tight labor supply in France - and why companies are choosing automation and offshoring over new hires. The episode draws on fresh ECB wage tracker data and compares the Eurozone's experience to the cooling US jobs market, where payrolls grew just 57,000 in June…
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