Compositional changes behind the growth in euro area employment during the recovery

Katalin Bodnár

Economic Bulletin Boxes, 2018, vol. 8

Abstract: In the third quarter of 2018, the total number of people in employment in the euro area was 9.6 million higher than in the second quarter of 2013 (when it fell to its lowest point during the crisis). The increase in employment in the course of the recovery has more than offset the decline observed during the crisis. As a result, euro area employment is now at its highest level ever, standing at 158.3 million. This box describes the net employment growth in the euro area over the course of the recovery and compares it with the period from the first quarter of 1999 to the first quarter of 2008 (i.e. from the introduction of the euro to the start of the crisis), which was also characterised by a continuous increase in employment at the level of the euro area as a whole. JEL Classification: J21, J11

Keywords: ageing; employment; euro area (search for similar items in EconPapers)
Date: 2018-12
Note: 2881411
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2018:0008:4

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