EMU Employment Stabilized in Third Quarter

ForexNewsNow | Published on December 16, 2010 at 5:12 am

EMU employmentThe number of people employed in the euro zone remained stable in the third quarter of 2010, compared with the previous quarter, while the second quarter figure was upwardly revised from 0.0% Q/Q to 0.1% Q/Q.

The details show that employment dropped in construction (-1.1% Q/Q), manufacturing (-0.3% Q/Q) and agriculture (-0.2% Q/Q), while employment rose in financial services & business activities (0.3% Q/Q) other services (0.2% Q/Q) and trade, transport and communication services (0.1% Q/Q).

Compared with the same period last year, employment fell by 0.2% Y/Y.

Also in employment data, there is a remarkable difference between countries as in Germany (0.3% Q/Q), France (0.2% Q/Q) and for example Belgium (0.3% Q/Q), where employment started to pick up, while in Spain (-0.7% Q/Q), Greece (-0.7% Q/Q) and Portugal (-0.4% Q/Q) companies continued to cut jobs.

Content provided by: KBC Bank

Comments

Subscribe

Sign up for our Newsletter

Top Forex Brokers

CySEC/FSA Regulated
$5 Min. Deposit
Welcome bonus of $30
T&Cs apply
Social Trading
$50 Free Bonus
Old Broker
Own Trading Platform
US Traders
Social Trading

Binary Options Video