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 0.18 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 September 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.