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European Labour Market Barometer

The European labour market barometer provides an outlook for the development of the European labour market in the next three months. In March 2024, component A (unemployment) stands at 98.9 points; component B (employment) stands at 101.7 points; the European labour market barometer averages both components and stands at 100.3 points. Values above 100 signal a positive outlook, values below 100 signal a negative outlook.
European Labour Market Barometer, March 2024
Infographic: A line chart shows the European labour market barometer and its component A (unemployment) and component B (employment) as monthly time series from 2018 until 2024.
Time Series European Labour Market Barometer 2018 until March 2024

Accessible table of the time series of the European Labor Market Barometer

European Labour Market Barometer: positive outlook for the first time since summer 2023

In March, the European Labour Market Barometer gained 0.6 points compared with the previous month. The labour market leading indicator of the European Network of Public Employment Services and the IAB stood at 100.3 points, returning to positive territory for the first time since July 2023. The European barometer’s employment component improved, rising by 0.4 points to 101.7 points. The outlook therefore continues to be generally positive. The component that predicts unemployment went up by 0.7 points compared with the previous month. However, it remained in negative territory at 98.9 points. “The European Public Employment Services expect employment to increase more markedly again in the coming months, with only a slight rise in unemployment figures,” reports Enzo Weber, IAB head of forecast.

The time series of the European Labour Market Barometer, including its components for all 17 participating employment services, is available at www.iab.de/Presse/elmb-components. More information on the European Labour Market Barometer is available in our Magazine IAB-Forum: Launch of the “European Labour Market Barometer"

Release Dates

  • 26 April 2024
  • 31 May 2024
  • 26 June 2024
  • 29 July 2024
  • 28 August 2024
  • 25 September 2024
  • 28 October 2024
  • 27 November 2024
  • 30 December 2024

Contact

Professor Enzo Weber
Dr Christian Hutter

Period surveyed

June 2018 until March 2024

Date of publication

2024/3/26

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Rights of use

The data on the European Labour Market Barometer are published under the following Creative Commons license: Attribution-ShareAlike 4.0 International (CC BY-SA 4.0)

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