Euro-zone labour market recovery too slow to stimulate wage growth

The number of unemployed in the euro-zone may have edged down further in February, but the labour market recovery remains too slow to stimulate wage growth. 

While survey measures of employment have continued to rise, both the EC index and the PMI equivalent point to slow employment growth. 

Capital Economics expects a modest drop in the number of unemployed in Feb, which would leave the unemployment rate (10.00 BST) unchanged at 11.2%.