The average unemployment rate in the Euro Area is at the same level as before the start of the pandemic and employment has almost returned to the pre-pandemic levels. Nonetheless, wage demands, and realized wage agreements continue to be relatively modest.
23 See Report on Mortgage Arrears 2016 Central Bank of Ireland 13  12  Central Bank of Ireland - RESTRICTED  24  Unregulated loan owners account for c.3% of the outstanding value of Irish mortgage loans. This comprises € billion of PDH loans (2% of the PDH market) and € billion of BTL loans (8% of the BTL market).