The European Labour Market Barometer rose in December for the first time in seven months.
After gaining 0.2 points, the labour market leading indicator of the European Network of Public Employment Services and the IAB now stands at 99.2 points. Almost no country lies currently above the neutral mark of 100 points. The employment component of the European barometer rose by 0.2 points to 100.8 points. This means that the outlook remains slightly positive. The component that predicts unemployment climbed by 0.2 points to 97.6 points. The outlook thus remains clearly negative.
The European Public Employment Services are still rather pessimistic about the coming months, but there is hope that the worst is over
explains IAB head of forecast Enzo Weber.
Read more about how the European Labour Market Barometer helps predict (un)employment trends: