The European Labour Market Barometer falls for the fourth time in a row in November. After a decrease of 0.2 points, it stands at 99.0 points - its weakest level since 2020. Both components of the leading indicator of the European Network of Public Employment Services and the IAB lost ground in November: the component forecasting unemployment fell by 0.2 points to 99.0 points, while the employment component fell by 0.3 points to the neutral mark of exactly 100 points. The rise in unemployment will therefore continue in winter. “The European Labour Market Services do not expect any further employment growth in the coming months,” explains Enzo Weber, IAB head of forecast.
European Labour Market Barometer at weakest level since 2020
The European Labour Market Barometer falls for the fourth time in a row in November.