European Commission says employment expansion appears to be moderating further following economic slowdown but remains positive
Sep 22nd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
An analysis of recent data – released by the European Commission today – shows a moderation in overall labour market performance in the EU following the recent slowdown in economic activity. Quarterly employment growth fell to 0.2% in the second quarter of 2008, while the unemployment rate stabilised at 6.8%. Despite the slowdown, by the second quarter overall employment had still increased by 2.9 million from a year earlier. However, recent labour market performances vary substantially across Member States.