The number of employed persons in the Euro Area rose by 0.2% from the previous quarter to 166.7 thousand in the three months leading to June of 2023, in line with market expectations and slowing from the downwardly revised 0.5% increase in the previous quarter. While employment levels extended last quarter’s all-time high, growth slowed to an over-two-year low, likely to drive the ECB to start considering the effects of high interest rates in the European labor market. On a yearly basis, employed growth was at 1.5%, slightly under the 1.6% from the three months ending on March. source: EUROSTAT

Employment Change in Euro Area averaged 0.21 percent from 1995 until 2023, reaching an all time high of 1.20 percent in the third quarter of 2021 and a record low of -3.00 percent in the second quarter of 2020. This page provides the latest reported value for - Euro Area Employment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Employment Change - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Employment Change in Euro Area is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Employment Change is projected to trend around 0.40 percent in 2024 and 0.30 percent in 2025, according to our econometric models.

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Euro Area Employment Change



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-08-16 09:00 AM Employment Change QoQ Prel Q2 0.2% 0.5% 0.2% 0.3%
2023-08-16 09:00 AM Employment Change YoY Prel Q2 1.5% 1.6% 1.4% 1.7%
2023-09-07 09:00 AM Employment Change QoQ Final Q2 0.5% 0.2%


Related Last Previous Unit Reference
Unemployment Rate 6.40 6.40 percent Jun 2023
Unemployed Persons 10814.00 10876.00 Thousand Jun 2023
Long Term Unemployment Rate 2.50 2.50 percent Mar 2023
Youth Unemployment Rate 13.80 14.00 percent Jun 2023
Labour Costs 103.00 113.80 points Mar 2023
Productivity 104.40 104.91 points Dec 2022
Wages 2066.00 2036.00 EUR/Month Dec 2022
Wage Growth 4.60 5.00 percent Mar 2023
Population 342.89 342.56 Million Dec 2022
Employment Change 0.20 0.50 percent Jun 2023
Part Time Employment 32143.60 31628.30 Thousand Mar 2023
Labor Force Participation Rate 74.70 74.70 percent Mar 2023
Full Time Employment 121011.10 121786.10 Thousand Mar 2023

Euro Area Employment Change
In Euro Area, employment change refers to the quarterly change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment.
Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.50 1.20 -3.00 1995 - 2023 percent Quarterly
SA, WDA

News Stream
Euro Area Employment Growth Slows as Expected
The number of employed persons in the Euro Area rose by 0.2% from the previous quarter to 166.7 thousand in the three months leading to June of 2023, in line with market expectations and slowing from the downwardly revised 0.5% increase in the previous quarter. While employment levels extended last quarter’s all-time high, growth slowed to an over-two-year low, likely to drive the ECB to start considering the effects of high interest rates in the European labor market. On a yearly basis, employed growth was at 1.5%, slightly under the 1.6% from the three months ending on March.
2023-08-16
Eurozone Job Growth Confirmed at 0.6% in Q1
The number of employed persons in the Euro Area rose by 0.6 percent from the previous quarter to 166.4 million in the three months leading to March of 2023, in line with preliminary estimates and picking up from the 0.3 percent advance in the fourth quarter of 2022. It was the sharpest growth rate in employment since the fourth quarter of 2021, adding to evidence of a tight job market despite the aggressive tightening campaign from the European Central Bank. Employment rose the most in Estonia (4.4 percent), Spain (1.3 percent), Croatia (1.2 percent), and Portugal (1.2 percent), offsetting declines in Lithuania (-1.5 percent), Romania (-1.1 percent), and Greece (-0.3 percent). On a yearly basis, employment grew by 1.6 percent, following a 1.5 percent growth rate in the previous period and below earlier estimates of 1.7 percent.
2023-06-08
Euro Area Employment Growth at 1-1/2-Year High
The number of employed persons in the Euro Area rose by 0.6 percent from the previous quarter to 166.1 million in the three months leading to March of 2023, surpassing market forecasts of a 0.3 percent increase and picking up from the 0.3 percent advance in the fourth quarter of 2022, according to preliminary estimates. It was the sharpest growth rate in employment since the third quarter of 2021, adding to evidence of a tight job market despite the aggressive tightening campaign from the European Central Bank. On a yearly basis, employment grew by 1.7 percent, picking up from the 1.5 percent growth rate in the fourth quarter.
2023-05-16