The European Labour Market Barometer falls by 0.2 points to 99.5 points in April compared to the previous month. The leading indicator from the European Network of Public Employment Services and the IAB is turning negative again after two recent increases. The unemployment forecast component remains unchanged at 98.9 points, thus clearly negative. The employment forecast component is barely positive at 100.1 points, after a decline of 0.3 points compared to the previous month. "The European Public Employment Services still see no turnaround for the better in their labour markets," explains Enzo Weber, IAB head of forecast.
European Labour Market Barometer suffers setback
The leading indicator is turning negative again after two recent increases.