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Employment down in Q3 2023

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In the EU, the employment rate of people aged 20-64 stood at 75.3% in the third quarter of 2023, a decrease of 0.1 percentage points (pp) compared with the second quarter of 2023. 

Labour market slack – encompassing those with unmet employment needs, a large part of which includes unemployed individuals – amounted to 11.3% of the extended labour force aged 20-64 in the third quarter of 2023 (see note 1 on the methodological notes).

This information comes from data on the labour market in the third quarter of 2023 published today by Eurostat. This article presents only a handful of findings from the more detailed Statistics Explained article.

Source datasets: lfsi_emp_q and lfsi_sla_q

Between the second and the third quarter of 2023 the employment rate varied across the EU countries. Malta (+1.1 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 (-1.3 pp) and Bulgaria (-1.1 pp). 

Bar chart: Change in employment rate in the EU countries, Q3 2023 compared with Q2 2023, age group 20-64, in percentage points, seasonally adjusted data

Source dataset: lfsi_emp_q

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