The share of the workforce which is newly employed in their current job - that is, they have been in their current job for less than one year - is considered to be an indicator of labor demand from businesses. This indicator tends to follow the business cycles in the wider economy, with more employees being newly employed in times of economic upswing, while fewer people will be newly employed in downturns. In the European Union, the newly employed rate was 15.4 percent, while for the Eurozone it was 16.5 percent - a record high for the time period covered. Labor demand spiked in 2021 and 2022, as economies across Europe re-opened following the COVID-19-related shutdown in 2020.
Newly employed persons as a share of total employed persons in the European Union and Euro currency area from 2002 to 2022
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Eurostat. (December 13, 2023). Newly employed persons as a share of total employed persons in the European Union and Euro currency area from 2002 to 2022 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1447506/share-of-workforce-newly-employed-eu-eurozone/
Eurostat. "Newly employed persons as a share of total employed persons in the European Union and Euro currency area from 2002 to 2022." Chart. December 13, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1447506/share-of-workforce-newly-employed-eu-eurozone/
Eurostat. (2023). Newly employed persons as a share of total employed persons in the European Union and Euro currency area from 2002 to 2022. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1447506/share-of-workforce-newly-employed-eu-eurozone/
Eurostat. "Newly Employed Persons as a Share of Total Employed Persons in The European Union and Euro Currency Area from 2002 to 2022." Statista, Statista Inc., 13 Dec 2023, https://www.statista.com/statistics/1447506/share-of-workforce-newly-employed-eu-eurozone/
Eurostat, Newly employed persons as a share of total employed persons in the European Union and Euro currency area from 2002 to 2022 Statista, https://www.statista.com/statistics/1447506/share-of-workforce-newly-employed-eu-eurozone/ (last visited November 21, 2024)
Newly employed persons as a share of total employed persons in the European Union and Euro currency area from 2002 to 2022 [Graph], Eurostat, December 13, 2023. [Online]. Available: https://www.statista.com/statistics/1447506/share-of-workforce-newly-employed-eu-eurozone/
