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Employment up, labour market slack down in Q4 2021

In the EU, the employment rate of people aged 20-64 stood at 74.0% in the fourth quarter of  2021, which represents an increase of 0.5 percentage points (pp) compared with the third quarter of 2021.

The labour market slack, which comprises all people who have an unmet need for employment and of which one of the main components is unemployment, amounted to 12.3% of the extended labour force aged 20-64 in the fourth quarter of 2021, down from 12.8% in the third quarter 2021 (-0.5 pp).

Eurostat, 13 April 2022