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Europe – Employment rising in EU but flat in euro countries

14 September 2012

Despite the ongoing economic turmoil in Europe, employment levels in the region have improved very slightly in the second quarter of the year, official EU statistics show today.

The number of people with a job has risen by a marginal +0.1% across the EU in the second quarter of the year.

In the Eurozone, for the first time in a year, the number of employed people has not decreased but remained flat on the quarter. In the three months to March, prospects were bleaker with the employment rate falling in both euro countries and the EU.

In Germany, employment grew by +0.2% quarter-on-quarter, the slowest increase in over two years. In France and the Netherlands employment remained flat while in the UK the number of people with a job rose by +0.7%.

Italy also registered an increase (+0.6%) in employment, but falls were recorded across Belgium (-0.1%) and Spain (-0.4%), when compared to the previous quarter. 

The financial (-0.8%) and insurance sectors (-0.7%) noted the largest drop in employment levels; real estate activities recorded the strongest growth (+1.4%).

The EU statistics agency estimates that in the second quarter of the year there were 223.4 million people employed in the EU. In August, their statistics showed that unemployment in the area remained stable, but still at a record high.

At the same time, the agency said that annual inflation in Europe was 2.7% in August 2012, up from 2.5% in July and higher than the inflation seen in the euro area (2.6%) in the month. 

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