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EU employment up, labour market slack down in Q3 2021

Christian Fernsby |
In the EU, the employment rate of people aged 20-64 stood at 73.5% in the third quarter of 2021, which represents an increase of 0.7 percentage points (pp) compared with the second quarter of 2021.

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The labour market slack, which comprises all people who have an unmet need for employment and of which one of the main components is unemployment, amounted to 12.9% of the extended labour force aged 20-64 in the third quarter of 2021, down from 13.7% in the second quarter 2021 (-0.8 pp).

Changes in the employment rate between the second and the third quarter of 2021 varied across the EU Member States. The highest increases were recorded in Greece (+1.8 pp), Cyprus (+1.6 pp), Ireland (+1.5 pp) as well as in Lithuania and Austria (both +1.1 pp). While employment rose in 24 EU Member States, it remained stable in Bulgaria and Croatia, and decreased in Finland (-0.2 pp).

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