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πŸ‡ͺπŸ‡Ί Eurozone unemployment ties its record low, and Lagarde now has the hawkish case she wanted

πŸ‡ͺπŸ‡Ί Eurozone unemployment ties its record low, and Lagarde now has the hawkish case she wanted

Eurozone unemployment held at 6.2% in May, matching its record low and beating the 6.3% forecast. That strengthens Christine Lagarde's hawkish case at the ECB's Sintra forum. Swiss inflation cooled to 0.5% annually, testing the SNB's refusal to go negative again.

Line chart of Eurozone aggregate unemployment rate from 2016 to 2026 with white, green, and red lines on dark background.
Eurozone unemployment rate remained at 6.2% in May after April was revised down to the same level, according to Bloomberg. Source

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