The number of employed in the Eurozone in the fourth quarter of 2020 reached 157.9 million. This represents a loss of 3.1 million jobs compared to the same period in 2019, before the impact of the pandemic, the EU statistics office Eurostat has reported. In the European Union as a whole, the number of employed people in the fourth quarter of 2020 was 206 million, a figure 3.5 million lower than in the same quarter of 2019.
Eurozone’s economy remains stuck near the stagnation at the beginning of the fourth quarter of the year. The demand for products and services has fallen for the second consecutive month, according to the latest data from Markit’s PMI index.