Kai Tuo Macro: The low unemployment rate in the euro area will not continue

According to Andrew Kenningham, economist at Capital Economics, the unemployment rate in the euro area should rise in the coming months as the economy stagnates. Data released on Monday showed the unemployment rate remained at its lowest level in history in October. However, business surveys show that companies have started laying off workers since November due to weak economic growth and concerns about a trade war with the United States. Therefore, it is expected that the unemployment rate in the euro area may start to rise next year, providing a reason to support the easing of monetary policy.