The number of employed persons in the Euro Area rose by 0.6 percent from the previous quarter to 166.1 million in the three months leading to March of 2023, surpassing market forecasts of a 0.3 percent increase and picking up from the 0.3 percent advance in the fourth quarter of 2022, according to preliminary estimates. It was the sharpest growth rate in employment since the third quarter of 2021, adding to evidence of a tight job market despite the aggressive tightening campaign from the European Central Bank. On a yearly basis, employment grew by 1.7 percent, picking up from the 1.5 percent growth rate in the fourth quarter. source: EUROSTAT

Employment Change in Euro Area averaged 0.21 percent from 1995 until 2023, reaching an all time high of 1.20 percent in the third quarter of 2021 and a record low of -3.00 percent in the second quarter of 2020. 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 June of 2023.

Employment Change in Euro Area is expected to be -0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Employment Change is projected to trend around 0.40 percent in 2024 and 0.30 percent in 2025, according to our econometric models.

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Euro Area Employment Change



Calendar GMT Actual Previous Consensus TEForecast
2023-05-16 09:00 AM Employment Change YoY Prel Q1 1.7% 1.5%
2023-05-16 09:00 AM Employment Change QoQ Prel Q1 0.6% 0.3% 0.3% 0.4%
2023-06-08 09:00 AM Employment Change QoQ Final Q1 0.3% 0.6% 0.6%


Related Last Previous Unit Reference
Unemployment Rate 6.50 6.60 percent Apr 2023
Unemployed Persons 10973.00 11005.00 Thousand Apr 2023
Long Term Unemployment Rate 2.50 2.60 percent Dec 2022
Youth Unemployment Rate 13.90 14.00 percent Apr 2023
Labour Costs 126.30 113.40 points Dec 2022
Productivity 104.59 105.09 points Dec 2022
Wages 2066.00 2036.00 EUR/Month Dec 2022
Wage Growth 5.10 3.00 percent Dec 2022
Population 342.89 342.56 Million Dec 2022
Employment Change 0.60 0.30 percent Mar 2023
Labor Force Participation Rate 74.70 74.80 percent Dec 2022
Part Time Employment 30979.70 31480.30 Thousand Sep 2022
Full Time Employment 120744.00 119698.70 Thousand Sep 2022

Euro Area Employment Change
In Euro Area, employment change refers to the quarterly change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment.
Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.30 1.20 -3.00 1995 - 2023 percent Quarterly
SA, WDA

News Stream
Euro Area Employment Growth at 1-1/2-Year High
The number of employed persons in the Euro Area rose by 0.6 percent from the previous quarter to 166.1 million in the three months leading to March of 2023, surpassing market forecasts of a 0.3 percent increase and picking up from the 0.3 percent advance in the fourth quarter of 2022, according to preliminary estimates. It was the sharpest growth rate in employment since the third quarter of 2021, adding to evidence of a tight job market despite the aggressive tightening campaign from the European Central Bank. On a yearly basis, employment grew by 1.7 percent, picking up from the 1.5 percent growth rate in the fourth quarter.
2023-05-16
Euro Area Employment Revised Lower
The number of employed persons in the Euro Area rose by 0.3 percent in the quarter to 214.6 million in the three months leading to September 2022, revised lower from preliminary estimates of 0.4 percent and rising at a steady rate from the third quarter’s value. Employment rose the most in Malta (1.6 percent), Poland (0.9 percent), Cyprus (0.7 percent), and Estonia (0.7 percent), offsetting declines in Portugal (-0.8 percent), Lithuania (-0.5 percent), Latvia (-0.5 percent) and Finland (-0.3 percent). On a yearly basis, employment advanced 1.5 percent, in line with preliminary estimates but slowing from 1.8 percent.
2023-03-08
Euro Area Employment Grows More than Expected
The number of employed persons in the Euro Area rose by 0.4 percent on the quarter to 165.07 million in the last three months of 2022, the most since early 2021, preliminary data showed. It compares with market expectations of 0.2 percent and 0.3 percent in the previous period. Year-on-year, employment rose by 1.5 percent, following a 1.8 percent advance in the third quarter.
2023-02-14