March 14, 2018
According to national accounts estimates published by Eurostat, the statistical office of the European Union, employment increased by 0.3% in the euro area (EA19) and by 0.2% in the EU28 in the fourth quarter of 2017 compared with the previous quarter. However, this represent a 0.1% fall in employment grow rate from the third quarter 2017 growth of 0.4% in the euro area. Employment growth for the fourth quarter was flat across the EU28 relative to the previous third quarter.
Year over year, employment increased for the fourth quarter by 1.6% in the euro area and by 1.5% in the EU28. Also, on an annual basis, both euro area and the EU20 recorded growth rate of 1.7% and 1.6% respectively in the third quarter of 2017.
The Eurostat estimates that 236.8 million men and women were employed in fourth quarter 2017 within EU28, of which 156.7 million were in the euro area. These employment figures are the highest levels ever recorded in both areas.
Over the whole year 2017, employment rose by 1.6% in both areas, compared with 1.3% in the euro area and1.2% in the EU28 in 2016.
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