18% of Unemployed Persons in the EU Found Job
OREANDA-NEWS. Out of all persons in the European Union (EU) who were unemployed in the third quarter 2015, 64.0% (12.5 million persons) remained unemployed in the fourth quarter 2015, while 17.7% (3.5 million) moved into employment and 18.4% (3.6 million) towards economic inactivity in Q4 2015.
Of all those initially in employment, 95.8% (169.7 million persons) remained in employment, while 1.7% (3.0 million) of those employed in the third quarter were observed to be unemployed in the fourth quarter, and 2.5% (4.4 million) transitioned into economic inactivity.
Today, Eurostat, the statistical office of the European Union, publishes quarterly labour market flows, based on non-seasonally adjusted labour market data from the European Union Labour Force Survey.
Labour market flows show the movements of individuals between employment, unemployment, and economic inactivity and enrich the analysis of the net changes in stocks. These statistics help to understand and interpret changes in the levels of labour market indicators. In order to ensure comparability, data published by Eurostat are based on a harmonised methodology. This may result in small differences between these data and those published nationally.