The European Labour Market Barometer is stabilizing. The leading indicator of the European Network of Public Employment Services and the IAB is at 99.6 points in March, remaining slightly negative. The downward trend since February has thus halted for the time being. "European labour markets may have bottomed out – but that doesn't mean an upturn," explains Enzo Weber, IAB head of forecast. The unemployment forecast component rose by 0.1 points, but at 98.9 points, unemployment is expected to rise. The employment forecast component, on the other hand, remains stable at 100.3 points, suggesting employment will remain stable or rise slightly. However, developments in European countries are mixed: The European Labour Market Barometer records just as many increases as decreases across European countries.
European Labour Market Barometer: Downward trend halted for the time being
The downward trend since February has halted for the time being.