According to Jin10 data, the unemployment rate in the Eurozone for October is 6.3%, remaining stable for three consecutive months at a historical low. This indicates that the Eurozone is achieving a soft landing from the inflation crisis.
The European Central Bank is expected to cut interest rates again at its policy meeting later this month. Due to persistently low unemployment rates, the market expects the cut to be 25 basis points rather than 50 basis points.