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2025-09-12 17:22:39
EU Employment Data Remains Strong, But Hidden Concerns Emerge. (1) Data released by Eurostat show that the employment rate for those aged 20-64 in the EU reached 76.2% in the second quarter of 2025, a slight increase from 76.1% in the first quarter, indicating a degree of labor market resilience. (2) The report also indicates that as of the second quarter of 2025, the labor market slack rate (including the unemployed and those with unmet job needs) accounted for 10.9% of the expanding labor force aged 20-64, unchanged from the previous quarter, indicating relative stability in the overall labor supply and demand relationship. (3) Despite the positive overall employment data, employment growth was particularly notable in Latvia (+1.3 percentage points), Estonia (+0.8 percentage points), and Belgium (+0.7 percentage points). However, employment rates declined in countries such as Hungary (-0.5 percentage points) and Italy (-0.3 percentage points), potentially signaling diverging regional economic performance. ⑷ Institutional analysis believes that the steady growth of the employment market has provided some support to the economy, but in the long run, if the continued growth of employment rate is not accompanied by a significant increase in productivity, it may pose a challenge to the return of inflation to the target level and may lead to slower wage growth and stagnant job growth in the future.
