Between the third and fourth quarter of 2024, 3.2 million unemployed individuals aged 15 to 74 in the European Union were able to find employment. This figure represents 24.2% of all unemployed individuals during the third quarter of that year. However, during the same period, 6.5 million individuals, or 49.6% of the unemployed population, remained without employment, while 3.4 million, equivalent to 26.3%, exited the labor force.
These data are presented in a recent publication of statistics on flows in the labor market, which tracks the detailed dynamics of employment and unemployment in the region. The statistics offer a broader perspective on labor transitions, showing how individuals move between the statuses of employed, unemployed, and out of the labor force.
To complement the information, a chart and a table are appended to the data, illustrating all possible movements and changes in labor status, as well as comparisons between the two quarters. These visualizations allow for not only observing how many individuals remain in each state, but also how many transition from one to another.
In particular, of the total employed individuals in the third quarter of 2024, 2.5 million (1.2%) transitioned to being unemployed in the fourth quarter, and 5 million (2.4%) left the labor force. On the other hand, of those who were out of the labor force in the third quarter, 4.3 million (3.8%) were able to secure employment, while 3.8 million (3.3%) joined the group of unemployed.
This labor market landscape reflects the complexity and fluidity of the labor market in the European Union, where, despite many individuals finding employment, many others continue to face challenges in entering or remaining in the labor market. The situation demands constant attention from policymakers and institutions seeking to improve employment conditions in the region.
Source: MiMub in Spanish