(Finance) – Between the third and fourth quarter of 2023, 3.2 million unemployed aged between 15 and 74 in the EU (24.5% of all unemployed in the third quarter of 2023) they found work. During this period, 6.7 million (51.1%) remained unemployed, while 3.2 million unemployed (24.4%) dropped out of the labor force.
The information comes from recently published data on flows of labor market in the fourth quarter of 2023, with a set of findings taken from the more detailed article Statistics Explained.
The image and table provide an overview of all possible transitions and show changes in the state of the labor market.
Of all those employed in the third quarter of 2023, 2.5 million (1.2%) became unemployed in the fourth quarter of 2023 and 4.9 million (2.4%) dropped out of the workforce. Of those considered out of the workforce in Q3 2023, 5.2 million (4.5%) entered the workforce in Q4 2023 and 4.1 million (3.5%) transitioned into unemployment.
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