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MNI BRIEF: Discouraged Workers Back In Labour Force-ECB Survey

(MNI) London

The labour market continues to recover across the euro area, even as pandemic-era 'discouraged workers' return to the workforce, the European Central Bank's latest Economic Bulletin notes, citing the updated Consumer Expectations Survey.

Through 2021, the total number of workers in the labour force increased, accompanied by both a decline in discouragement and a decrease in the unemployment rate. Labour supply has, therefore, the ECB says, responded quickly to the strengthening of demand.

More survey respondents said they had changed jobs in the latest period revised up their expectations of both earnings abetter labour market conditions. These developments suggest a dynamic labour market, economists at the central bank noted..

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Central Bank NewsPolicy NewsHomepageCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefStoryRBARegion
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Central Bank NewsPolicy NewsHomepageCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefStoryRBARegion
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