3.2 Million Unemployed Found Jobs in Q4 While 3.2 Million Others Left Labor Force

Between Q3 and Q4 2023, 3.2 million unemployed (24.5%) found a job, 6.7 million (51.1%) remained unemployed, and 3.2 million (24.4%) left the labor force.

The text presents findings from recently published EU labor market flow data for Q4 2023.

A visual and table give an overview of transitions between employment, unemployment, and out of labor force.

Of those employed in Q3, 2.5 million (1.2%) became unemployed in Q4 and 4.9 million (2.4%) left the labor force.

Of those out of the labor force in Q3, 5.2 million (4.5%) moved into employment in Q4 and 4.1 million (3.5%) became unemployed.