Employment price up, labour market down in Q2 2024

Within the second quarter of 2024, the employment price of individuals aged 20-64 within the EU stood at 75.8%, a rise of 0.2 proportion factors (pp) in contrast with the primary quarter of 2024. 

Labour market slack – encompassing these with unmet employment wants, a big a part of which incorporates unemployed individuals – amounted to 11.0% of the prolonged labour pressure aged 20-64 within the second quarter of 2024 (a lower of 0.1 pp in contrast with the primary quarter of 2024).

This info comes from knowledge on the labour market within the second quarter of 2024 revealed at the moment by Eurostat. This text presents solely a handful of findings from the extra detailed Statistics Defined article.

Change in employment rate and labour market slack, Q2 2024 - Click below to see full dataset

Supply datasets: lfsi_emp_q and lfsi_sla_q

Between the primary and the second quarter of 2024, Estonia (+1.0 pp), Lithuania (+0.9 pp) and Czechia (+0.8 pp) registered the very best will increase within the employment price among the many 18 EU international locations the place employment rose. The employment price remained steady in Italy, Poland and Slovakia and decreased in 6 EU international locations, with the largest decreases recorded in Slovenia (-0.7 pp) and Finland (-0.4 pp).

Change in employment rate, Q2 2024. Bar chart - Click to see full dataset below

Supply dataset: lfsi_emp_q

For extra info

Methodological notes

  • The prolonged labour pressure is the whole variety of individuals employed, unemployed, and people in search of work however not instantly obtainable, plus these obtainable to work however not in search of. On this article, knowledge cowl inhabitants aged 20 to 64. 
  • This text makes use of quarterly and seasonally adjusted knowledge from the EU Labour Pressure Survey (EU-LFS) knowledge.

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