The European Labour Market Barometer rose by 0.2 points to 100.2 points in October. The last time the leading indicator of the European Network of Public Employment Services and the IAB recorded a better value was in the summer of 2023. However, prospects remain subdued, as the component predicting unemployment continues to remain in negative territory, declining by 0.1 points to 99.8 points. In contrast, the employment component jumped by 0.5 points to 100.5 points. "European Public Employment Services see at least a first glimmer of hope that the job market will pick up again," reports Enzo Weber, IAB head of forecast.
European Labour Market Barometer increases slightly
The European Labour Market Barometer rose by 0.2 points to 100.2 points in October.