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Labour market and wage developments in Europe defy economic slowdown

Nov 8, 2019 | News

(08 November 2019) – The European Commission has published the 2019 edition of the report “Labour Market and Wage Developments in Europe” confirming that the European labour market has so far proven to be resilient to the weakening of the economy.

© European Commission

Standing at 241 million, the number of people employed in the EU is at its highest level ever, and the EU’s unemployment rate stands at its lowest level ever recorded.

High unemployment countries, including Croatia, Greece, Spain and Portugal, experienced high employment growth, further decreasing divergences across countries.

While wages continued to rise, their average growth remained moderate. As in previous years, wage growth was higher in Central and Eastern European countries, contributing to wage convergence across the EU.

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