The latest quarterly data confirms previous positive developments. The EU economy continues its moderate recovery, which is broadening across Member States. Labour markets in the EU continue to gradually recover, benefitting from the strengthening in economic activity.
Employment continues to improve in the EU, euro area and most Member States, and is higher than a year ago in the quasi totality of Member States. Most sectors are contributing to the observed improvement.
Unemployment continues to decline from its high levels in the EU. Long-term unemployment continues to recede gradually, affecting about 5% of the labour force.
We see welcomed developments regarding youth with the employment of those aged 15-24 increasing. Youth unemployment shows a decline which is accompanied by higher enrolment in education and training and a reduction in NEETs rates. In other words, young people in the EU are increasingly engaging in either employment or education and training.
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See also: Employment and Social Developments in Europe 2014