Regarding the outlook, exports are expected to increase moderately against the background of the continued moderate recovery in overseas economies. BIS central bankers’ speeches  1  Employment and income situation and household spending Turning to the household sector and starting with the employment and income situation, labor market conditions have continued their steady improvement.
The unemployment rate has declined to around 3.5 percent, which is roughly the same level as the structural unemployment rate, and the active job openings-to-applicants ratio now stands at 1.14, marking the highest level since April 1992 (Chart 3).