Employment up, labour market slack down in Q3 2021 - Products Eurostat News

null Employment up, labour market slack down in Q3 2021

13/01/2022

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In the EU, the employment rate of people aged 20-64 stood at 73.5% in the third quarter of 2021, which represents an increase of 0.7 percentage points (pp) compared with the second 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 12.9% of the extended labour force aged 20-64 in the third quarter of 2021, down from 13.7% in the second quarter 2021 (-0.8 pp). 

This information comes from data on the labour market in the third quarter of 2021 published by Eurostat today. This article presents only a handful of findings from the more detailed Statistics Explained article.

 

Employment rate and labour market slack in the EU, Q1 2009 to Q3 2021, population aged 20-64, seasonally adjusted data

Source datasets: lfsi_emp_q and lfsi_sla_q

 

Changes in the employment rate between the second and the third quarter of 2021 varied across the EU Member States. The highest increases were recorded in Greece (+1.8 pp), Cyprus  (+1.6 pp), Ireland (+1.5 pp) as well as in Lithuania and Austria (both +1.1 pp). While employment rose in 24 EU Member States, it remained stable in Bulgaria and Croatia, and decreased in Finland (-0.2 pp).

 

Change in employment rate in the EU from Q2 to Q3 2021, percentage point difference, population aged 20-64, seasonally adjusted data

Source dataset: lfsi_emp_q 

 

Methodological notes 

The labour market indicators published from the first quarter 2021 are based on the EU Labour Force Survey (EU-LFS) under the Regulation (EU) 2019/1700 on European statistics relating to persons and households, based on data at individual level collected from samples. This Framework Regulation further improves harmonisation and comparability of labour market data in the EU. 

More details on the Regulation can be found here.
 

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