The European Labour Market Barometer falls by 0.2 points compared to the previous month to 99.2 points in January. The leading indicator of the European Network of Public Employment Services and the IAB has thus remained below the neutral mark of 100 points for 1.5 years now. The component forecasting unemployment remains clearly in negative territory at 98.2 points. After a decline of 0.5 points, the employment component registers a barely positive 100.2 points in January. “The gloomy outlook currently hangs over European labour markets like a dark cloud,” explains Enzo Weber, IAB head of forecast.
European Labour Market Barometer: Outlook gloomy
The European Labour Market Barometer falls by 0.2 points compared to the previous month to 99.2 points in January.