Number of job vacancies in the euro area down

Due to the effects of the corona crisis, the number of job vacancies in the euro area decreased in the second quarter of 2020 compared to a quarter earlier. As a result, companies were more reluctant to take on new staff.

The percentage of job vacancies was 1.6% of total employment compared to 1.9% in the previous quarter, according to figures from the European Statistical Office Eurostat. In the service sector of the euro area, most vacancies were open with 1.7% of the total. In industry and construction it was 1.3%.

Eurostat also announced that hourly labour costs in the euro area were 4.2% higher in the second quarter than a year earlier. In the first three months of this year labour costs increased by 3.7%.