EU: Employment up by 0.4% in both the euro area and the EU28

June 13, 2018

According to a recent report  published by Eurostat, the statistical office of the European Union, the number of persons employed increased by 0.4% in both the euro area (EA19) and the EU28 in the first quarter of 2018 compared with the previous quarter.  In the fourth quarter of 2017, employment increased by 0.3% in the euro area and by 0.2% in the EU28.

Year over year, employment increased by 1.4% in both the euro area and the EU28 in the first quarter of 2018 (after +1.6% and +1.5% respectively in the fourth quarter of 2017).  According to Eurostat data, in the first quarter of 2018, 237.9 million men and women were employed in the EU28, of which 157.2 million were in the euro area. These are the highest levels ever recorded in both areas.

Employment growth in Member States

Among Member States for which data are available for the first quarter of 2018, Romania (+1.9%), Malta (+1.3%), Portugal, Luxembourg and Croatia (all +1.0%) recorded the highest increases compared with the previous quarter. A decrease was observed in Estonia (-1.4%) and employment remained stable in Bulgaria and Lithuania.

 

The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

 

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