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Europe — EU Employment falls by -0.3% in Q4 2010

16 March 2010

The European Union's statistical office (Eurostat) has published its first estimate of labour market data for the fourth quarter of 2009. The number of persons employed in the 16 countries which share the Euro as a common currency (EA16) fell by -0.2% (-347 000 persons) in the fourth quarter of 2009 compared with the previous quarter.

In the same period, the number of persons employed in the entire European Union (EU27) decreased by -0.3% (-583 000 persons). In the third quarter of 2009, employment declined by -0.5% in both zones. These figures are seasonally adjusted.


Falls in employment were recorded in manufacturing (-1.1% in the euro area and -1.0% in the EU27), construction (-0.4% and -0.7% respectively) and trade, transport & communication services (-0.5% in both zones). Financial services & business activities decreased by -0.1% in the euro area, but grew by 0.1% in the EU27. Agriculture increased by 0.5% and 0.1% respectively, and other services (which mainly includes public administration, health and education) grew by 0.2% in both zones.

Compared with the same quarter of the previous year, employment fell by -2.0% in the euro area and by -2.1% in the EU27 in the fourth quarter of 2009. In the third quarter of 2009, employment decreased by -2.2% and -2.1% respectively.

Eurostat estimates that, in the fourth quarter of 2009, 221.1 million men and women were employed in the EU27, of which 144.3 million were in the euro area. These figures are seasonally adjusted.

Over the whole of 2009, employment decreased by -1.8% (2 721 000 persons) in the euro area and also by -1.8% (4 021 000 persons) in the EU27, compared with +0.9% and +0.7% respectively in 2008.

To read the full Euroindicators news release please click here

 

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