The number of employed persons in the Euro Area increased 0.3 percent on quarter to 158.9 million in the last quarter of 2018, following a 0.2 percent gain in the previous period and in line with the preliminary estimate and market expectations, final data showed. Employment rose in Spain (0.7 percent), Germany (0.2 percent) and France (0.1 percent) but dropped in Italy (-0.2 percent) and Latvia (-0.6 percent). Year-on-year, employment went up 1.3 percent, after a 1.4 percent increase in the prior quarter and above a preliminary estimate and market forecasts of 1.2 percent. Considering full 2018, employment advanced 1.5 percent compared to a 1.6 percent rise in 2017. Employment Change in the Euro Area averaged 0.21 percent from 1995 until 2018, reaching an all time high of 0.80 percent in the first quarter of 2000 and a record low of -0.70 percent in the first quarter of 2009.
Employment Change in Euro Area is expected to be 0.40 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 0.40 in 12 months time. In the long-term, the Euro Area Employment Change is projected to trend around 0.20 percent in 2020, according to our econometric models.