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13.05.202609:09:54UTC+00Eurozone Employment Grows as Expected

The number of employed persons in the Euro Area increased by 0.1% from the previous quarter to 176.412 million in the first quarter of 2026, slowing from a 0.2% rise in the preceding quarter and matching market expectations, according to a preliminary estimate. This marked the bloc’s 20th consecutive quarter of employment growth, extending a slow but steady expansion in the European labor market, despite concerns that higher energy prices would trigger job cuts among major employers toward the end of the quarter. Job growth remained solid in Spain (0.3% vs. 0.8% in Q4), while employment declined in Germany for a third consecutive quarter (-0.1% vs. -0.1%). On an annual basis, employment increased by 0.5% in the first quarter, the weakest growth rate since the Covid pandemic in 2021.

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