"One notable recent development in the euro area labour market has been a strong rebound in the labour force. In particular, over the last year and a half, the main source of employment growth has been the strong inflow of people joining the labour force rather than a sharp decline in the number of unemployed. This box provides an overview of recent euro area labour force developments using data from Eurostat and the ECB Consumer Expectations Survey (CES). It also analyses the drivers of the euro area labour force using a mixed-frequency Bayesian vector autoregression (MF-BVAR) to disentangle the push and pull factors behind the labour force dynamics.[1]..."

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