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Fewer Employed In Europe In Third Quarter

BRUSSELS (UPI) — Employment in the eurozone and the European Union slipped in the third quarter compared to the same quarter of 2012, the region’s statistical office said Friday.

Eurostat said employment was stable from the second quarter to the third in both regions. In the eurozone, however, employment dropped 0.8 percent from July through September of 2012. In the 28-member European Union, employment slid 0.3 percent from the third quarter of 2012.

The data agency estimates that 223.2 men and women were employed in the EU in the third quarter of this year with 145 million of them living in the eurozone, the 17-member region that shares the euro as currency.

The sharpest quarter-to-quarter gain among countries with available data was posted by Portugal with a 1.2 percent gain in employment from the second quarter. In Ireland, 1.1 percent more people were working in the third quarter compared to the second. In Britain, 0.6 percent more people were working quarter to quarter.

Estonia and Lithuania both saw 1.5 percent quarter-to-quarter declines. In Cyprus, 1.4 percent fewer people were employed in the third quarter compared to the second. Finland and Greece also posted declines, Eurostat said.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

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