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41
24.10.2025
with a rise in unemployment and a drop in real wages. This is not the case in fundamental ways. Our unemployment is at a record
42
24.10.2025
but their growth rate is still outpacing the growth in labour productivity. Unemployment is at its record lows. Nevertheless, according to surveys, the share of
the release of the US non-farm payrolls data and
the increase in unemployment. This fuelled expectations for a US Fed funds rate cut.
European bond
as compared to 2025 Q2 but remained
positive. In July 2025, the unemployment rate stayed at its all-time low of 2.2%
(seasonally adjusted, SA
45
07.10.2025
as compared to 2025 Q2 but remained positive. In July 2025, the unemployment rate stayed at its all-time low of 2.2% (seasonally adjusted, SA
Commercial services and public
catering’). Real wages continued to increase extensively, and unemployment remained at its record
low. However, individual regions reported a gradual easing
47
12.09.2025
housing is rising. The fast increase in households’ incomes supports consumer demand.
Unemployment stays at a record low. Nevertheless, a number of companies have shortened
48
12.09.2025
but their growth rate is still outpacing the growth in labour productivity. Unemployment is at its record lows.
Monetary conditions have eased but remain tight.
buttressed by, above all, continuation of the labour market tightness,
with the unemployment rate remaining at its all-time lows (Figure 17) and the employment
rate
resources. Staff shortages were the main constraint on the increase in output.
Unemployment dropped to new record lows several times over the year. In December