EU employment up 0.2% in Q4 2014

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The statistical office of the European Union, Eurostat, said the employment rate has raised by 0.2% in the EU and 0.1% in the eurozone in Q4 2014 compared with Q3 2014. On a one-year basis, from Q4 2013 to Q4 2014, it has increased by 0.9% in the EU and 1% in the eurozone.

Eurostat estimated that, in Q4 2014, 226.7 million persons were employed in the EU, of which 148.6 million were in the eurozone.

Among member states, Spain and Latvia (both +0.7%) as well as Ireland and Slovakia (both +0.6%) have recorded the highest increases in Q4 2014 compared with Q3 2014, whilst Portugal (-1.4%), Cyprus (-0.6%), Poland (-0.3%), Italy (-0.2%) and Malta (-0.1%) have recorded decreases.

On a one-year basis, Malta (+3.9%), Estonia (+3.1%) and Hungary (+2.6%) have faced highest increases whilst Cyprus (-1.5%), Lativia (-1.2%) and Finland (-0.2%) have recorded highest decreases.

In Q4 2014, the employment rate in financial and insurance activities’ industry has grown by 0.2% in the EU but has fallen by 0.1% in the eurozone.  In one year, the area has recorded decreases of 0.7% in the EU and 1.1% in the eurozone.

The most impacted sector by a rise of the employment rate in Q4 2014 remains the arts, entertainment and other services in the EU (+0.4%) and the professional and support service activities in the eurozone (+0.6%).

The highest growth of the employement rate on a one-year basis is for the professional and support service activities’ industry (+2.3% in the EU, +2.5% in the eurozone).

At the opposite, the agriculture, forestry and fishing industry has had the biggest fall of employment rate in Q4 2014, both in the EU and the eurozone (-0.8%).

On a one-year basis, the financial and insurances activites as well as the construction industry have both faced the highest decrease of their employment rates in the EU (-0.7%). In the eurozone, the construction area has been the most impacted (-1.4%).

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Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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