Conjoncture Flash July 2026: Mixed signals in the labor market
Unemployment continues to rise in Luxembourg, even as employment trends improve. The recovery in the private sector is benefiting cross-border workers the most. However, hiring prospects have been declining since the outbreak of war in Iran.
- A resurgence of supply chain tensions
- Inflation in the services remains relatively low
- Widespread slowdown in average wage costs
- Housing prices are rising moderately
- Interest rates are rising again
- Prices for refined products are soaring
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