This is the strongest 4 quarter increase since 2008. On a country per country basis, unemployment increased +1.1% in Germany, +0.4% in France, +0.9% in Italy and +3.0% in Spain in the 4 quarters of 2015. During the recent crisis years, employment retreated -3.5% from its Q1 2008 peak to its Q2 2013 trough in the Euro area. Since then, it has recovered +2.1%. In volume terms, the peak-to-trough job loss was 5.6M, with 3.1M jobs now recovered.