Drop in EU unemployment 'encouraging'

03-05-2007

Drop in EU unemployment 'encouraging'
New figures have revealed a drop in unemployment across the EU to 7.2 per cent for March.

This compares with a figure of 8.2 per cent for the same time last year, the research by Eurostat showed.

The lowest rates of unemployment were found to be in Denmark, the Netherlands and Ireland, with countries such as Slovenia and Poland recording significant falls in unemployment numbers over a 12-month period.

Howard Archer of analysis firm Global Insight commented that the figures show "an encouraging continuation of the steady improvement in the region's labour markets over the past 18-24 months".

He added that the European Central Bank may see the statistics as being indicative of impending wage rises in the region during the next few months.

Last week, the EU's latest European Restructuring Monitor report revealed a 30 per cent rise in new jobs across Europe for the first quarter of 2007.

Related categories: HR / Recruitment.


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