EU Employment Rate Dips Slightly in Q3 While Labor Slack Rises
- Employment rate in EU down 0.1 percentage points in Q3 2023 compared to Q2, now at 75.3% for people aged 20-64
- Labour market slack at 11.3% of extended labour force aged 20-64 in Q3 2023
- Data comes from Eurostat labour market statistics for Q3 2023
- Highest employment rate increases in Malta (+1.1 pp) and Belgium (+0.5 pp)
- Biggest employment rate decreases in Croatia (-1.3 pp) and Bulgaria (-1.1 pp)