July 7, 2022
In the EU, the employment rate of people aged 20-64 stood at 74.5% in the first quarter of 2022, representing an increase of 0.5 percentage points (pp) compared with the fourth quarter of 2021.
The labour market slack, which comprises all people who have an unmet need for employment and of which one of the main components is unemployment, amounted to 11.9% of the extended labour force aged 20-64 in the first quarter of 2022, down from 12.3% in the fourth quarter 2021 (-0.4 pp).
This information comes from data on the labour market in the first quarter of 2022 published by Eurostat today. This article presents only a handful of findings from the more detailed Statistics Explained article.
Changes in the employment rate between the fourth quarter of 2021 and the first quarter of 2022 varied across the EU Member States. The highest increases were recorded in Greece (+1.8 pp), Luxembourg (+1.1 pp) and Latvia (+1.0 pp).
While employment rose in 24 EU Member States, it decreased in Lithuania (-0.3 pp), Denmark ( 0.5 pp) and Malta (-0.6 pp).
Source: Eurostat
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