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%.