Labour Market and Wage Developments in Europe report. 2025 edition

After years of strong growth, the EU labour market has started to slow. In 2024, employment growth decreased to 0.8%, from 1.2% a year earlier (Figure 1). Amid rising global pressures, major restructuring events have occurred in key industries like automotive, telecommunications, electrical equipment and pharmaceuticals. Countries with large manufacturing sectors were hit hardest. Trade tensions are creating more uncertainty for the EU economy and employment.

https://op.europa.eu/webpub/empl/lmwd-annual-review-leaflet-2025