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2025-12-12 18:04:13
[Stagnation in the Job Market Tests Eurozone Growth Momentum] ⑴ Data released by Eurostat on Friday showed that in the third quarter of 2025, the employment rate for the EU's population aged 20 to 64 was 76.2%, unchanged from the second quarter, indicating stagnant growth. ⑵ During the same period, the labor market slack rate (including the unemployed and all those seeking employment but not yet employed) remained stable at 11.0%, also showing no improvement. ⑶ Significant divergence was observed among member states. Among the 15 countries with rising employment rates, Malta saw the largest increase, rising by 1.2 percentage points, while Estonia, Croatia, Portugal, and Romania also recorded significant growth. ⑷ However, employment rates remained stable in Denmark and the Netherlands, while 10 other EU countries experienced declines, with Belgium seeing the largest drop of 0.7 percentage points, followed by Luxembourg and Ireland, each declining by 0.5 percentage points. ⑸ The overall stagnation in the job market reflects a potential weakening of Eurozone economic momentum, posing a key challenge to the European Central Bank's policy path and future economic growth prospects.
