European Economic News

Eurozone Employment Falls Notably In Q1

Eurozone employment fell notably in the first quarter of 2013, the latest figures published by Eurostat revealed Friday.

The number of employed persons in euro area fell a seasonally adjusted 0.5 percent quarter-on-quarter to 415.1 million in the March quarter. This was faster than a 0.3 percent fall recorded in the fourth quarter of 2012.

Compared with the same quarter of the previous year, employment fell 1 percent in the euro area.

In EU 27, the number of employed fell 0.2 percent quarter-on-quarter to 221.9 million. This was 0.4 percent lower than a year earlier.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More European Economic News