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EU: 1.9 million jobs disappeared in Q1
Published in Saudi Press Agency on 15 - 06 - 2009

Some 1.9 million jobs disappeared across the European Union in the first three months of this year _
the sharpest drop in payroll numbers on record, the EU
statistical agency Eurostat said Monday.
Falling demand for goods and services both in Europe and
in export markets is forcing companies to shed workers,
sending jobless numbers to the highest level in a decade.
The Associated Press quoted Eurostat as saying that the number of people employed in the EU fell 0.8 percent in the first quarter compared to the fourth quarter of 2008, the worst drop since it started collecting figures in 1995.
The number of workers in the 16 nations that use the euro
also fell 0.8 percent from the previous quarter as the
region shed 1.2 million jobs.
Just under 223.8 million people were employed in the EU in
the first quarter, 146 million of them in euro-zone
nations, Eurostat said.


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