The number of employed persons in the Euro Area decreased 0.3 percent on quarter in the first three months of 2021, compared to a 0.4 percent growth in the previous period and in line with preliminary estimates. It is the first decrease in employment since the second quarter of 2020 as lockdowns and business closures were reimposed by many countries to fight the coronavirus pandemic. Among the bloc's largest economies, employment fell in Germany (-0.1 percent), France (-0.2 percent), the Netherlands (-0.7 percent) and Italy (-0.9 percent), but it rose in Spain (1 percent). Year-on-year, employment fell 1.8 percent, the same pace as in the previous period and compared to earlier estimates of a 2.1 percent decline. source: EUROSTAT
Employment Change in the Euro Area averaged 0.18 percent from 1995 until 2021, reaching an all time high of 1 percent in the third quarter of 2020 and a record low of -3 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 2021.
Employment Change in Euro Area is expected to be 0.60 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 0.50 percent in 2022 and 0.20 percent in 2023, according to our econometric models.