At the close of 2024, Europe's labour market reached levels unseen in decades. According to the latest OECD data, the employment rate within the European Union climbed to a record 70.9% in the fourth quarter—the highest since the organisation began tracking such data in 2005. Eight EU member states reported their highest-ever employment figures, underscoring the continent's robust labour market performance. The Netherlands led the EU pack with...
The euro area and European Union (EU) saw modest economic expansion in the final quarter of 2024, with GDP rising by 0.2% and 0.4%, respectively, according to seasonally adjusted estimates from Eurostat. While growth slowed slightly from the third quarter’s 0.4% in both regions, the full-year figures for 2024 signaled a tentative recovery, with GDP climbing 0.9% in the eurozone and 1.0% in the EU—marking an improvement over 2023’s stagnant...
The recent preliminary GDP estimates for the fourth quarter of 2024, published by Eurostat, reveal a mixed economic picture for the Eurozone and the European Union. While the GDP in the Eurozone remained stable compared to the previous quarter, the EU saw a modest increase of 0.1%. Year-on-year growth stood at 0.9% for the Eurozone and 1.1% for the EU. These figures, though modest, carry significant implications for the job market and individual...
EuroStat, the statistical office of the European Union has just released the figure of production in construction for the EU in November 2024. Construction Growth Reflects Diverging Labor Market Trends Across the EU In November 2024, construction activity in the EU showed positive growth, with production rising by 1.2% in the euro area and 1.3% across the entire EU compared to the previous month. This growth was largely attributed to gains in...
According to the latest data released by Eurostat, the statistical office of the European Union, the job vacancy rate in the euro area decreased to 2.7% in the fourth quarter of 2023, marking a decline from 2.9% in the previous quarter and 3.1% in the same period of 2022. Similarly, within the EU, the job vacancy rate dropped to 2.5% in the fourth quarter of 2023, down from 2.6% in the previous quarter and 2.8% in the fourth quarter of 2022. In...
In 2022, the European Union boasted a core working-age population of 259.2 million individuals aged between 20 and 64. Among this demographic, 53.5 million individuals were classified as economically inactive. This group encompasses students, retirees, individuals providing care for family members, volunteers, and those unable to work due to long-term illness or disability. Within the core working-age population, there were 193.5 million...
