The number of employed persons in the Euro Area declined by 2.9 percent on quarter in the three months to June of 2020, compared to preliminary estimates of a 2.8 percent drop and following a 0.3 percent fall in the previous period. It is the biggest decline since the series begun in 1995 due to lockdowns and business closures imposed by many countries to fight the coronavirus pandemic. Year-on-year, the employment declined by 3.1 percent, also the most on record.

Employment Change in the Euro Area averaged 0.17 percent from 1995 until 2020, reaching an all time high of 0.70 percent in the first quarter of 2000 and a record low of -2.90 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 October of 2020. source: Eurostat

Employment Change in Euro Area is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Change in Euro Area to stand at 0.60 in 12 months time. In the long-term, the Euro Area Employment Change is projected to trend around 0.70 percent in 2021 and 0.20 percent in 2022, according to our econometric models.

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Euro Area Employment Change

Actual Previous Highest Lowest Dates Unit Frequency
-2.90 -0.30 0.70 -2.90 1995 - 2020 percent Quarterly
SA, WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-14 09:00 AM Employment Change YoY Prel Q2 -2.9% 0.4% -1.7% -1.8%
2020-08-14 09:00 AM Employment Change QoQ Prel Q2 -2.8% -0.2% -1.7% -2%
2020-09-08 09:00 AM Employment Change QoQ Final Q2 -2.9% -0.2% -2.8% -2.8%
2020-09-08 09:00 AM Employment Change YoY Final Q2 -3.1% 0.4% -2.9% -2.9%
2020-11-13 10:00 AM Employment Change QoQ Prel Q3 -2.9% 0.5%
2020-12-08 10:00 AM Employment Change QoQ Final Q3 0.5%


News Stream
Euro Area Employment Shrinks More than Initially Thought
The number of employed persons in the Euro Area declined by 2.9 percent on quarter in the three months to June of 2020, compared to preliminary estimates of a 2.8 percent drop and following a 0.3 percent fall in the previous period. It is the biggest decline since the series begun in 1995 due to lockdowns and business closures imposed by many countries to fight the coronavirus pandemic. Year-on-year, the employment declined by 3.1 percent, also the most on record.
2020-09-08
Euro Area Employment Drops the Most on Record
The number of employed persons in the Euro Area declined by 2.8 percent on quarter in the second quarter of 2020, compared to market expectations of a 1.7 percent drop, preliminary estimates showed. It is the biggest decline since the series begun in 1995 due to lockdowns and business closures imposed by many countries to fight the coronavirus pandemic. Year over year, the employment declined by 2.9 percent, also the most on record.
2020-08-14
Euro Area Employment Shrinks for 1st Time in 7 Years
The number of employed persons in the Euro Area declined by 0.2 percent on quarter to 160.4 million in the first three months of 2020, in line with preliminary estimates. It is the first fall in employment since the second quarter of 2013 due to lockdowns and business closures imposed by many countries to fight the coronavirus pandemic. Employment went down in France (-0.2 percent), Italy (-0.3 percent) and Spain (-1 percent) and was flat in Germany. The sharpest decline was seen in agriculture (-1.4 percent) while the information and communication sector had the strongest increase (0.7 percent). While the effect of the COVID-19 pandemic on employment was mitigated by government support schemes, the impact on hours worked is generally much more pronounced, with the number of hours worked falling by 3.1 percent. Year-on-year, employment rose 0.4 percent in the first quarter of the year.
2020-06-09
Euro Area Employment Drops For the First time since 2013
The number of employed persons in the Euro Area declined by 0.2 percent on quarter in the first three months of 2020, compared to market expectations of a 0.4 percent drop, preliminary estimates showed. It is the first decline in employment since the second quarter of 2013 due to lockdowns and business closures imposed by many countries to fight the coronavirus pandemic.
2020-05-15

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.