EMPLOYMENT AND SOCIAL AFFAIRS (EXTERNAL COM) - European Labour Market Barometer October 2023 – European Labour Market Barometer falls even further below the 100-point mark

In October, the European Labour Market Barometer dipped to 99.1 points, marking its sixth consecutive decline. Unemployment predictions fell to 97.4 points, signalling challenges, while employment prospects, now at 100.9 points, remain cautiously optimistic. The energy crisis's impact on the world economy continues to cast a shadow over Europe's labour markets. Read more.

date: 27/11/2023

European Labour Market Barometer: Outlook for 2024 improves again after slump

The European Labour Market Barometer rose in December for the first time in seven months. After gaining 0.2 points, the labour market leading indicator of the European Network of Public Employment Services and the IAB now stands at 99.2 points. Almost no country currently lies above the neutral mark of 100 points. The employment component of the European barometer rose by 0.2 points to 100.8 points. This means that the outlook remains slightly positive. The component that predicts unemployment climbed by 0.2 points to 97.6 points. The outlook thus remains clearly negative. "The European Public Employment Services are still rather pessimistic about the coming months, but there is hope that the worst is over," explains IAB head of forecast Enzo Weber. Read more.