Employment rate with highest declines in the euro area and EU

in News · 13-09-2020 16:00:00 · 2 Comments
Employment rate with highest declines in the euro area and EU

The employment rate in the second quarter of the year was the highest in the euro area and the European Union (EU) in both the year-on-year and the previous period, according to Eurostat.

Compared to the same quarter of 2019, between April and May, the period of paralysis of economic activity due to the Covid-19 pandemic, employment fell by 3.1 percent in the euro zone and 2.9 percent in the EU, after growing by 0.4 percent in both in the first three months of the year, the biggest falls since the beginning of the time series in 1995.

The number of people in employment fell by 2.9 percent in the euro zone and 2.7 percent in the EU compared with the first quarter, further quarter-on-quarter highs and aggravating the fall in the indicator already reported between January and March (0.3 percent in the euro zone and 0.2 percent in the EU).

Spain (-7.6 percent), Hungary (-5.6 percent), Austria (-4.0 percent), Ireland (-3.9 percent) and Portugal, Italy and Estonia (-3.6 percent each) showed the largest declines, with Malta recording the only year-on-year rise in employment (4.2 percent).

Compared to the first quarter, the employment rate increased only in Malta (0.6 percent), with the largest falls being seen in Spain (-7.5 percent), Ireland (-6.1 percent), Hungary (-5.3 percent) and Estonia (-5.1 percent).

In Portugal it fell by 3.4 percent compared to the first quarter.

Portugal showed the third largest year-on-year fall (-22.6 percent) in the number of hours worked, after Greece (-29.8 percent) and Spain (-24.6 percent).


Comments:

Errata: Oops, substitute "ephemeral" where is "efemural".

by Tony Fernandes from Other on 15-09-2020 02:55:00

Yes, this is basically the result of the funil polítics of a politically correct but highly incompetent and corrupt government! All that happens when you lack creativity, sell your resources and patrimony, and put all your remaining eggs in a basket called efemural tourism! With little local production of sustainable goods depends on rich foreigners and an entitled local elite who have bought and use the country to have fun this is what is left as the pandemic runs it's course!

by Tony Fernandes from Other on 14-09-2020 04:55:00
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