The number of employed persons in the Euro Area declined by 0.2 percent on quarter to 160.4 million in the first three months of 2020, in line with preliminary estimates. It is the first fall in employment since the second quarter of 2013 due to lockdowns and business closures imposed by many countries to fight the coronavirus pandemic. Employment went down in France (-0.2 percent), Italy (-0.3 percent) and Spain (-1 percent) and was flat in Germany. The sharpest decline was seen in agriculture (-1.4 percent) while the information and communication sector had the strongest increase (0.7 percent). While the effect of the COVID-19 pandemic on employment was mitigated by government support schemes, the impact on hours worked is generally much more pronounced, with the number of hours worked falling by 3.1 percent. Year-on-year, employment rose 0.4 percent in the first quarter of the year.
Employment Change in the Euro Area averaged 0.21 percent from 1995 until 2020, reaching an all time high of 0.70 percent in the first quarter of 2000 and a record low of -0.80 percent in the first quarter of 2009. 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 July of 2020. source: Eurostat
Employment Change in Euro Area is expected to be -2.00 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 0.40 in 12 months time. In the long-term, the Euro Area Employment Change is projected to trend around 0.50 percent in 2021 and 0.20 percent in 2022, according to our econometric models.