Back Employment up, labour market slack down in Q1 2022

5 July 2022

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In the EU, the employment rate of people aged 20-64 stood at 74.5% in the first quarter of 2022, representing an increase of 0.5 percentage points (pp) compared with the fourth quarter of 2021. 

The labour market slack, which comprises all people who have an unmet need for employment and of which one of the main components is unemployment, amounted to 11.9% of the extended labour force aged 20-64 in the first quarter of 2022, down from 12.3% in the fourth quarter 2021 (-0.4 pp). 

This information comes from data on the labour market in the first quarter of 2022 published by Eurostat today. This article presents only a handful of findings from the more detailed Statistics Explained article.
 

Chart: Employment rate and labour market slack (Q1 2009 - Q1 2022; population aged 20-64, seasonally adjusted)

Source datasets: lfsi_emp_q and lfsi_sla_q

Changes in the employment rate between the fourth quarter of 2021 and the first quarter of 2022 varied across the EU Member States. The highest increases were recorded in Greece (+1.8 pp), Luxembourg (+1.1 pp) and Latvia (+1.0 pp). 

While employment rose in 24 EU Member States, it decreased in Lithuania (-0.3 pp), Denmark ( 0.5 pp) and Malta (-0.6 pp).

Bar chart: Changes in the employment rate in the EU Member States (Q4 2021-Q1 2022, population aged 20-64, in percentage points, seasonally adjusted data)

Source dataset: lfsi_emp_q


For more information:

Methodological notes:

  • The extended labour force is the total number of people employed plus unemployed, plus those seeking work but not immediately available, plus those available to work but not seeking. In this article, data cover population aged 20 to 64. 
  • This article uses quarterly and seasonally adjusted data from the EU Labour Force Survey (EU-LFS) data. 

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