The European Labour Market Barometer declined slightly for the third consecutive time in February. The leading indicator of the European Network of Public Employment Services and the IAB drops by 0.2 points to 99.6 points compared to the previous month. The employment component, down 0.1 points, is still only marginally positive at 100.1 points. The component predicting unemployment moves further away from the stability mark, falling by 0.3 points to 99.1 points. "European labour markets are losing some ground. The momentum from fall has not yet been enough for a recovery“, reports Enzo Weber, IAB head of forecast.
European Labour Market Barometer: European labour markets are losing some ground
The European Labour Market Barometer declined slightly for the third consecutive time in February.