20 Jul

EU employment rate at 71.9% in Q1 2021 and labour market slack at 14.8% (Eurostat)

In the first quarter 2021, the seasonally adjusted employment rate of people aged 20-64 in the EU stood at 71.9% (Eurostat figures).

The labour market slack, which comprises all people who have an unmet need for employment, amounted to 14.8% of the extended labour force aged 20-64 in the first quarter 2021. Its main component is unemployment, which stood at 7.1% of the extended labour force.

Underemployed part-time workers made up 3.0%, those available for work but not searching for work were 4.1%, and those actively searching for work but not available to take up work stood at 0.7%, all in percentage of the extended labour force.

This information comes from EU Labour Force Survey data of the first quarter of 2021 published by Eurostat on 15 July 2021.

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

Employment rates lowest and labour market slack highest in Greece, Italy and Spain

Among Member States, the highest employment rates in the first quarter of 2021 were recorded in the Netherlands (81.0%), Sweden (79.5%), Czechia (79.4%) and Estonia (79.4%).

The lowest employment rates were observed in Greece (58.3%), Italy (61.1%) and Spain (66.6%). These three countries also showed the highest labour market slack rates at 25.1%, 25.0% and 25.2%, respectively.

Total labour market slack was lowest in Czechia (4.4%), Malta (6.1%) and Poland (6.7%).

Employment rate and labour market slack in Q1 2021, population aged 20-64, seasonally adjusted data, in %

Methodological changes

The labour market indicators published for the first quarter 2021 are based for the first time on the EU Labour Force Survey (EU-LFS) under the new Regulation 2019/1700 on Integrated European Social Statistics (IESS). This new Framework Regulation further improves harmonisation and comparability of labour market data in the EU.

By: Estela Martín

Linkedin TopVoices España 2020. DirCom & RSC en ...

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