Labour market slack—encompassing those with unmet employment needs, a large part of which includes unemployed individuals—amounted to 11.3 per cent of the extended labour force aged 20-64 in Q3 2023, an official release from Eurostat, the EU statistical agency, said.
Between Q2 and Q3 2023, the employment rate varied across EU countries. Malta (plus 1.1 percentage points pp) and Belgium (+0.5 pp) registered the highest increases among the 11 EU countries where employment rose.
The employment rate remained stable in Luxembourg and the Netherlands and decreased in 14 EU countries, with the biggest decreases recorded in Croatia (minus 1.3 pp) and Bulgaria (minus 1.1 pp).
ALCHEMPro News Desk (DS)
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