In the EU, the rate of Employment of those aged 20 to 64 stood at 75.5% in the fourth quarter of 2023, an increase of 0.1 points percentages (pp) compared to the third quarter of 2023.
Labor market slack, which covers people with unmet employment needs, a large part of which includes unemployed people, amounted to 11.2% of the expanded labor force aged 20 to 64 in the fourth quarter of 2023 (- 0.1 percentage points compared to the third quarter of 2023).
This information comes from the labor market data of the fourth quarter of 2023 published today by Eurostat. This article presents only a handful of findings from the more detailed article by Statistics Explained.
During the third and fourth quarters of 2023, variations in the employment rate were observed in several EU countries. Croatia saw the largest increase, with an increase of 1.5 percentage points, followed by Greece with an increase of 0.7 percentage points, both among the 11 EU countries where employment increased. In contrast, the employment rate remained stable in France, the Netherlands and Romania, while it decreased in 10 EU countries, with the largest declines recorded in Luxembourg (-1.0 percentage points) and Lithuania (-0.6 percentage points).
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Data extracted from the Statistical Office of the European UnionEurostat. https://ec.europa.eu/eurostat/web/products-eurostat-news/w/ddn-20240315-2?etrans=es U!
