EU labour market - quarterly statistics

Data extracted in September 2024

Planned article update: 13 December 2024

Highlights

In the second quarter of 2024, the employment rate of people aged 20 to 64 years was 75.8 %, while labour market slack stood at 11.0 %.

Today, Eurostat published EU-LFS data for the second quarter of 2024.

This article presents seasonally adjusted quarterly indicators on employment and labour market slack, which comprises all persons who have an unmet need for employment, including unemployed people. These indicators, taken together, are used to capture the most recent movements on the labour market in the EU countries.

Full article

Employment rate up and labour market slack down in the EU

In the second quarter of 2024, 197.6 million persons in the EU were employed. The EU seasonally adjusted employment rate for people aged 20-64 years stood at 75.8 %, up from 75.6 % in the first quarter of 2024, (see Figure 1).

For the same period, the seasonally adjusted total labour market slack in the EU, which is the unmet need for work, amounted to 23.8 million persons, which represented 11.0 % of the extended labour force in the second quarter of 2024 , down from 11.1 % in the first quarter of 2024. Regarding its main component, unemployment, 12.0 million persons were unemployed in the second quarter of 2024 and the EU seasonally adjusted unemployment rate was 5.7 % down from 5.8 % in the first quarter of 2024. Underemployed part-time workers accounted for 2.3 % of the extended labour force (-0.1 percentage points (pp) compared with the first quarter of 2024), those available for work but not seeking work accounted for 2.3 % (-0.1 pp compared with the first quarter of 2024) and those actively seeking work but not available to take up work accounted for 0.8 % (stable compared with the first quarter of 2024). ^[1]

Figure 1: Employment rate and labour market slack in the EU, 2009Q1-2024Q2
(age group 20-64 years, seasonally adjusted data), Q1 2009 - Q2 2024
(%)
Source: Eurostat (lfsi_sla_q) and (lfsi_emp_q)

Luxembourg, Latvia and Finland see the greatest increase in labour market slack

Compared with the first quarter of 2024, labour market slack decreased in 13 countries in the second quarter of 2024. It remained stable in France, Malta, Poland, Romania and Slovakia and increased in 9 countries. The largest increases were reported in Luxembourg (+1.0 pp), Latvia and Finland (both +0.5 pp). The employment rate changed in 24 EU countries between the first quarter of 2024 and the second quarter of 2024 and remained stable in Italy, Poland and Slovakia. The highest increases among the 18 EU countries where employment rose, were registered in Estonia (+1.0 pp), Lithuania (+0.9 pp) and Czechia (+0.8 pp). The largest decreases were recorded in Finland (-0.4 pp) and Slovenia (-0.7 pp), (see Figure 2).

Figure 2: Change in the employment rate and labour market slack in the EU Member States
(Q2 2024 compared with Q1 2024 age group 20-64 years, in percentage point, seasonally adjusted data)

Source: Eurostat (lfsi_emp_q) and (lfsi_sla_q)

Focus on the gender gap in employment development

When looking at the development of the employment rate, the gender employment gap^[2] in the EU decreased by 0.1 pp between the first quarter of 2024 and the second quarter of 2024. While the employment rate of women increased by +0.2 pp, the employment rate of men increased by +0.1 pp. The largest changes in gender gaps among EU countries were found in Luxembourg (-2.6 pp due to an increase of +1.4 pp for women and a decrease of -1.2 pp for men), Slovenia (-1.2 pp due to no change for women and a decrease of -1.2 pp for men), Latvia (+1.1 pp due to a decrease of -0.5 pp for women and an increase of 0.6 pp for men), Finland (-1.1 pp due to an increase of +0.1 pp for women and a decrease of -1.0 pp for men), Cyprus (+1.0 pp due to a decrease of -0.2 pp for women and an increase of +0.87 pp for men) and Croatia (-1.0 pp due to an increase of +0.8 pp for women and a decrease of -0.2 pp for men), (see Figure 3).

Figure 3: Change in the employment rate by gender in the EU Member States
(Q2 2024 compared with Q1 2024 age group 20-64, in percentage point, seasonally adjusted data),
Source: Eurostat (lfsi_emp_q)

Unemployment in the EU countries

Comparing the first quarter of 2024 with the second quarter of 2024, the unemployment rate at EU level decreased from 5.8 % to 5.7 % of the labour force. The highest decreases were registered in France (from 10.8 % to 10.0 %), Austria (from 7.9 % to 7.1 %), Denmark (from 4.5 % to 4.0 %), Ireland (from 5.3 % to 4.8 %) and Hungary (from 7.9 % to 7.4 %). The unemployment rate remained unchanged in Belgium, Greece, Slovakia and Sweden while it increased in 8 other countries. The highest increases were observed in Italy (from 5.0 % to 5.3 %) and Lithuania (from 7.3 % to 8.0 %), (see Figure 4).

Figure 4: Change in unemployment in the EU Member States
(Q2 2024 compared with Q1 2024 age group 20-64 years, in percentage points, seasonally adjusted data)
Source: Eurostat (une_rt_q)

Main indicators

Table 1: Employment, unemployment and labour market slack second quarter 2024
(age group 20 to 64 years, seasonally adjusted data),
Source: Eurostat (une_rt_q), (lfsi_sla_q) and (lfsi_emp_q)

Source data for tables and graphs

EU labour market data: tables and graphs

Data sources

All figures in this article are based on seasonally adjusted quarterly results from the European Union Labour Force Survey (EU-LFS). The European Union labour force survey (EU-LFS) is the largest European household sample survey providing quarterly and annual results on labour participation of people aged 15 years and over as well as on persons outside the labour force. It covers residents in private households. Conscripts in military or community service are not included in the results. The EU-LFS is based on the same target populations and uses the same definitions in all countries, which means that the results are comparable between countries.

The labour market indicators published from the first quarter of 2021 are based on the EU Labour Force Survey (EU-LFS) under the Regulation (EU) No 1700/2019 on European statistics relating to persons and households, based on data at individual level collected from samples. Quarterly series for main indicators before 2021 are back-calculated in line with the new methodology up to the first quarter of 2009, see background article EU labour force survey - correction for breaks in time series.

Main methodological information

Country notes:

The Netherlands collect quarterly LFS data using a rolling reference week instead of a fixed reference week, i.e. interviewed persons are asked about the situation of the week before the interview rather than a pre-selected week.

Methods and definitions: Eurostat produces harmonised labour market data for individual EU countries, the euro area and the EU. The concepts and definitions used in the Labour Force Survey follow the guidelines of the International Labour Organisation.

Employed persons are all persons who worked at least one hour for pay or profit during the reference week or unpaid for a business owned by a member of the family, or were temporarily absent from such work. The employment rate is the percentage of employed persons in relation to the total population.

The Gender Employment Gap is the difference between the employment rates of men and women aged 20-64 years.

Unemployed persons are all persons who:

are without work;
are available to start work within two weeks;
and have actively sought employment at some time during the previous four weeks.

The labour market slack is the sum of unemployed persons, underemployed part-time workers, persons seeking work but not immediately available and persons available to work but not seeking, expressed as percentage of the extended labour force.

Underemployed part-time workers are persons working part-time who wish to work additional hours and are available to do so. Part-time work is recorded as self-reported by individuals.

Persons seeking work but not immediately available are the sum of persons neither employed nor unemployed who: (a) are actively seeking work during the last four weeks but not available for work in the next two weeks; or (b) found a job to start within a period of at most three months and are not available for work in the next two weeks; or (c) found a job to start in more than three months but are not available for work in the next two weeks.

Persons available to work but not seeking are the sum of persons neither employed nor unemployed who want to work and (a) are available for work in the next two weeks but are not seeking work, or (b) were passively seeking work during the last four weeks and are available for work in the next two weeks or (c) found a job to start in more than three months and are available to work in the next two weeks.

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 persons aged 20 to 64 years.

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Notes

↑ Rounding differences could be observed in 2024Q1 total labour market slack values (presented in Table 1 and in the online database) when compared with the sum of its components
↑ The gender employment gap is the difference between the employment rates of men and women aged 20-64

[1] Rounding differences could be observed in 2024Q1 total labour market slack values (presented in Table 1 and in the online database) when compared with the sum of its components

[2] The gender employment gap is the difference between the employment rates of men and women aged 20-64

[1]

[2]