Estonia’s posted EU’s fastest growth in employment in Q1

19.06.2012, 13:45

The number of people employed in Estonia inceased 3.2 percent in the first quarter year on year, the highest growth rate in the European Union, according to the EU statistical office Eurostat.

Estonia was followed by Poland and Romania with growth of 2.5% each, as well as Lithuania and Malta at 1.9%.

Employment in Latvia increased by 1.8% in the first quarter of this year when compared to the same period in 2011, which was the sixth largest increase across the European Union.

According to the latest Eurostat data, a total of 222.9 million people were employed in the EU in the first quarter, including 146.1 million in the euro area.

In the EU, employment decreased by 0.1 percent year-on-year in the first quarter, whereas the eurozone recorded a 0.5 percent reduction.

Compared to the fourth quarter of last year, employment in the EU remained the same, and decreased in the eurozone by 0.2 percent.

The largest quarterly increase was registered in Estonia at 1.3 percent, followed by Malta (0.9 percent) and Poland (0.8 percent).

The employment rate in Latvia decreased by 0.7 percent and 0.8 percent in Lithuania.