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This episode examines the cooling of Europe’s labor market as 2026 approaches, revealing a growing divide among major economies. While the UK posts negative figures amid rising costs and regulatory uncertainty, Spain and Italy lead in job vacancy growth. In contrast, France and Germany see declines driven by political uncertainty and weak consumer demand. Despite strong job creation, Spain still faces the EU’s highest unemployment rate, highlighting the complex role of productivity and business investment in shaping Europe’s employment outlook.