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Employment increased +1.2% over the 4 quarter of 2015 in the Euro area

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.

 

Graph-unemployment-rate
PERRIER Tristan , Global Views Analyst
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Employment increased +1.2% over the 4 quarter of 2015 in the Euro area
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