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According to the European Labour Force Survey, in the first quarter of 2021, the labour market slack in the European Union ran to over 14% of the extended labour force aged 20-64. The Czech Republic has the lowest labour market slack (4%) and second highest employment rate (almost 80%) in the EU. Photo Credit: Freepik.

Czech Rep., Jul 26 (BD) According to recent data from the EU Labour Force Survey, in the first quarter of 2021, the seasonally adjusted employment rate of people aged 20-64 in the EU stood at over 70%. 

Share of Employment Rate and Labour Market Slack in Q1 2021. Credit: Eurostat.

According to the survey, the Netherlands recorded the highest employment rate in the first quarter of 2021, at just over 80%. Sweden, the Czech Republic, and Estonia shared second place with just under 80%.

The Czech Republic recorded the lowest total labour market slack among EU member countries (4%) followed by Malta and Poland with around 6%. The labour market slack comprises all people who have an unmet need for employment.

On the other end of the scale, Greece (60%), Italy (60%) and Spain (65%) have the lowest employment rates, and the highest labour market slack rates, of over 25%. 

According to the survey, in the first quarter of 2021, the labour market slacks across the EU. ran to over 14% of the extended labour force aged 20-64.

As a percentage of the extended labour force, underemployed part-time workers made up almost 3%, while those available for work but not actively searching for work was another 4%. Those actively searching for work but not available to take up work stood at over 0.5%.

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https://www.brnodaily.com/wp-content/uploads/2020/07/resume-employment-credit-freepik-1024x684.jpghttps://www.brnodaily.com/wp-content/uploads/2020/07/resume-employment-credit-freepik-150x100.jpgBasak YirmibesogluCzech Republic / WorldEUCzech Republic,Employment,SurveyAccording to the European Labour Force Survey, in the first quarter of 2021, the labour market slack in the European Union ran to over 14% of the extended labour force aged 20-64. The Czech Republic has the lowest labour market slack (4%) and second highest employment rate (almost 80%)...English News and Events in Brno