Euro Area EUR

Euro Area Employment Change YoY Prel

Impact:
Medium
Source: EUROSTAT

Latest Release:

Date:
Actual:
0.8%
Forecast: 0.8%
Previous/Revision:
0.8%
Period: Q1

Next Release:

Date:
Period: Q2
What Does It Measure?
The Euro Area Employment Change YoY (Preliminary) measures the year-over-year percentage change in the number of employed individuals within the Eurozone, explicitly focusing on labor market dynamics and economic activity levels. This indicator assesses key areas such as job growth, employment trends, and economic health, with positive values suggesting labor market expansion and negative values indicating contraction.
Frequency
The Euro Area Employment Change YoY is released quarterly, with the preliminary figures typically published about six weeks after the end of the quarter.
Why Do Traders Care?
Traders closely monitor employment change data as it reflects the economic strength and labor market performance of the Eurozone, which can significantly influence monetary policy and investor sentiment. Stronger-than-expected employment growth may bolster the Euro and lead to bullish behavior in equities, while disappointing results can have a bearish impact on both currencies and stock markets.
What Is It Derived From?
This employment change figure is derived from national labor force surveys and consolidated data from Eurostat, which aggregates information on employment levels across member countries. The calculation includes a comprehensive sample of businesses and is based on established industry standards to ensure accuracy and reliability.
Description
The preliminary report provides an early estimate of employment changes, which is subject to revisions and reflects real-time labor market conditions. The final report, released later, offers a more comprehensive and accurate picture, allowing financial markets to adjust their evaluations based on the most reliable data.
Additional Notes
The Euro Area Employment Change indicator serves as a lagging economic measure, meaning it reflects past economic performance rather than predicting future trends. This data is often compared with other indicators such as GDP growth and consumer confidence to provide a more complete view of the economy's overall health.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
0.8%
0.8%
0.8%
0.6%
0.8%
1%
-0.2%
1%
0.8%
0.9%
0.2%
0.8%
0.9%
1%
-0.1%
1%
1.3%
1.2%
-0.3%
1.3%
1.1%
1.3%
0.2%
1.4%
1.2%
1.3%
0.2%
1.5%
1.4%
1.6%
0.1%
1.7%
1.5%
1.5%
1.9%
1.8%
-0.4%
1.7%
1.8%
2.7%
-0.1%
2.4%
2.5%
2.9%
-0.1%
2.6%
2.7%
2.1%
-0.1%
2.1%
2.1%
2.1%
2%
1.6%
1.9%
0.4%
1.8%
1.5%
-1.8%
0.3%
-2.1%
-1.4%
-1.9%
-0.7%
-2%
-2.2%
-2.3%
0.2%
-2%
-1.7%
-3.1%
-0.3%
-2.9%
-1.7%
0.4%
-1.2%
0.3%
0.2%
1.1%
0.1%
1%
0.8%
1%
0.2%
1%
1%
1.2%
1.1%
1.2%
1.3%
-0.1%
1.3%
1.2%
1.3%
0.1%
1.2%
1.2%
1.3%
1.3%
1.4%
1.5%
-0.1%