Eurozone employment growth likely to post a solid number – Danske Bank

Research Team at Danske Bank suggests that the euro area employment growth figure for Q3 is scheduled to be released today and after the Q1 and Q2 figures were solid, with 0.4% quarterly employment growth, and Danske Bank estimates a similar figure for Q3.

Key Quotes

“Related to employment, the labour costs figure for Q3 is due to be released on Friday. Despite the solid employment growth in recent quarters, wage growth is still not picking up and we believe the ECB is still too optimistic in its projections on wage growth in the new forecast released this week. Labour costs growth has been very low in recent quarters and the Q2 figure was as low as 1% yearly growth. We estimate the Q3 figure remained low.”