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European employment growth cools in Q4

European employment growth cools in Q4

Mubasher: The Eurozone’s employment rate grew at a slower pace in the fourth quarter of 2017, matching analysts’ forecasts, according to Eurostat's on Wednesday.

Employment increased by 0.3% during Q4-17 compared with the previous quarter, while it rose 1.6% versus the same quarter of the previous year.

That was down from a quarterly increase of 0.4% and an annual growth of 1.7% in Q3-17, the data highlighted. 

As for the full year 2017, the number of employed people expanded 1.6%, versus a slighter increase of 1.3% in 2016.

By 10:51 am GMT, the EUR/USD pair slipped 0.19% to $1.2367.