The EU employment rate grew 0.5 points in the fourth quarter of 2021

Brussels, Apr 13 (EFE).- The employment rate in the EU of people between the ages of 20 and 64 stood at 74% in the fourth quarter of 2021, which represented an increase of 0.5 percentage points compared to the third quarter of last year, as reported on Wednesday by the community statistics office, Eurostat.

In the case of the eurozone, the increase in the indicator was also 0.5 points and went from 73% between July and September to 73.5% between October and December.

By country, the largest increases in employment between the third and fourth quarters of 2021 took place in Malta (+1.8 percentage points), Greece (+1.5 points), Estonia (+1.3 points), Ireland (+1.2 points), Croatia (1 point) and Spain (0.8 points).

Although employment grew in 21 Member States, it remained stable in Portugal and Slovakia, while it fell in Lithuania (down 0.1 percentage points), Luxembourg (0.3 points), Slovenia (0.4 points) and Latvia (0 .6 points).

Labor market slack, comprising all people with an unmet need for employment (the unemployed, underemployed part-timers, individuals available for work who are not looking for a job, and people who are looking for a job but not available for work), arrived to 12.3% of the labor force between the ages of 20 and 64 in the fourth quarter of 2021 in the Twenty Seven.

Thus, the indicator decreased 0.5 percentage points, from 12.8% recorded between July and September 2021. In Spain it went from 23% in the third quarter to 21.9% in the fourth.

According to Eurostat, between the third and fourth quarters of 2021, 3.6 million unemployed people in the European Union (EU) found a job.

Among those employed in the third quarter of 2021, 2.5 million were unemployed between October and December.

(c) EFE Agency

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