The European Labour Market Barometer rose by 0.8 points in January. Now the labour market leading indicator of the European Network of Public Employment Services and the Institute for Employment Research (IAB) lies slightly above the neutral mark at 100.5 points.
The European public employment services expect the labour market to overcome the consequences of the energy crisis
The unemployment component shows a clear rise of 1.0 point, although as it stands at 99.2 points, a marginal rise in unemployment is expected. The employment component increases a little by 0.5 points, rising to 101.7 points. The trends in the various European countries are very different.
At the moment, the best labour market prospects are in Central Europe
asserts Weber. He warns, however, that all countries would be at considerable risk were the geopolitical situation to escalate further.
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