Eurozone employment grew by 0.1% quarter-on-quarter in Q2, in line with expectations

(1) The number of employed persons in the eurozone increased by 0.1% quarter-on-quarter in the second quarter, reaching 176.577 million. The growth rate was unchanged from the previous value and in line with market expectations, marking the 21st consecutive quarter of employment growth and continuing the slow yet steady upward trend in the European labor market. (2) Employment in Spain grew by 0.5%, compared to the previous value of 0.3%; France recorded net employment growth for the third consecutive quarter; employment in Germany declined for the fifth consecutive quarter, falling by 0.1% quarter-on-quarter. On a year-on-year basis, eurozone employment growth remained unchanged at 0.5%.