As shown in this chart, the hiring plans for manufacturing companies (a reasonably useful proxy for total economy labor demand) have continued to make new highs, foretelling a further acceleration in employment within the Eurozone. European labor markets at this stage appear to be in virtuous cycle territory: more workers means more payrolls, which means more consumer spending, which means more workers to meet the new demand, which means more payrolls…so on and so-forth.
Monday, July 31, 2017
Quote (and Chart) of the Day: Eurozone employment setup speaks positively about economic prospects...
More on the positive Eurozone setup, courtesy of Bespoke Investment Group: