Euro Area Employment Continues To Fall In Q2

Sponsored Links

The number of employed persons in the euro area fell a seasonally adjusted 0.5% or 702,000 quarter-on-quarter in the second quarter, a report released by Eurostat said Monday. This follows a 0.7% decline in the first quarter.

Quarterly decreases in employment were recorded in manufacturing, down 1.6% in the second quarter, followed by construction, down 1.4%, and agriculture, down 0.9%.

For the same period, employment in the whole of the European Union, with 27 member nations, fell 0.6% or 1,443,000 persons on-quarter compared to the 0.8% drop in the previous quarter.

Year-on-year, employment fell by 1.8% in the euro area and by 1.9% in the EU27 in the second quarter. This follows a 1.2% annual decrease each in both zones in the first quarter.

According to Eurostat estimates, there were 145.6 million people employed in the euro area during the second quarter on a seasonally adjusted basis. The number of employed for the EU27 was 222.7 million.

(Market News Provided by RTTNews)