{"id":62752,"date":"2023-11-15T10:36:14","date_gmt":"2023-11-15T09:36:14","guid":{"rendered":"https:\/\/euronews.al\/en\/?p=62752"},"modified":"2023-11-15T10:36:14","modified_gmt":"2023-11-15T09:36:14","slug":"euro-area-employment-rises-as-gdp-shrinks","status":"publish","type":"post","link":"https:\/\/euronews.al\/en\/euro-area-employment-rises-as-gdp-shrinks\/","title":{"rendered":"Euro area employment rises as GDP shrinks"},"content":{"rendered":"<p>EU and euro area figures for gross domestic product (GDP) and employment remain relatively stable for 2023\u2019s third quarter compared to the previous three months, according to data from Eurostat.<\/p>\n<p>A flash estimate published by the EU&#8217;s statistical body on Tuesday showed that GDP in the euro area, which consists of member states of the European Union that have adopted the euro as their currency, shrank by 0.1% in the third quarter (Q3)\u00a0compared to the previous three-month period.<\/p>\n<p>It marks the first contraction since 2020. The figure also came in line with market expectations, and followed 0.2% quarter-on-quarter growth in the second quarter (Q2) of this year.<\/p>\n<p>Meanwhile, GDP in the EU remained stable compared to the previous quarter.<\/p>\n<p>Eurostat also published a comparison with the United States, where Q3 2023 GDP increased by 1.2% compared with the previous quarter.<\/p>\n<p><strong>Slight employment rate growth<\/strong><\/p>\n<p>Compared with Q2 this year, the number of people working in the EU increased by 0.2%, and 0.3% in the euro area.<\/p>\n<p>Similar data compared with the same time last year showed a 1.4% employment rate increase in the euro area, and a 1.3% increase the EU.<\/p>\n<p>Overall, the EU and euro area economic situations have eased in 2023 compared with last year. The effects of the energy and economic crises triggered by Russia\u2019s war of aggression against Ukraine are easing.<\/p>\n<p>Moreover, soaring inflation rates are stabilizing, with a 2.9% rate for October 2023 in the euro area, down from 4.3% in September &#8211; which marked the lowest figure since October 2021.<\/p>\n<p>The euro area\u2019s inflation rate was recorded at 10.6% in October 2022, up from 9.9% in September.<\/p>\n<p>Estimates predict inflation to temporarily pick up and growth to remain weak for the remaining of 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EU and euro area figures for gross domestic product (GDP) and employment remain relatively stable for 2023\u2019s third quarter compared to the previous three months, according to data from Eurostat. A flash estimate published by the EU&#8217;s statistical body on Tuesday showed that GDP in the euro area, which consists of member states of the [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":62753,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[165],"tags":[823,1194,308,1851,1500,5189,3004,243,151],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Euro area employment rises as GDP shrinks - Euronews Albania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/euronews.al\/en\/euro-area-employment-rises-as-gdp-shrinks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Euro area employment rises as GDP shrinks - Euronews Albania\" \/>\n<meta property=\"og:description\" content=\"EU and euro area figures for gross domestic product (GDP) and employment remain relatively stable for 2023\u2019s third quarter compared to the previous three months, according to data from Eurostat. A flash estimate published by the EU&#8217;s statistical body on Tuesday showed that GDP in the euro area, which consists of member states of the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/euronews.al\/en\/euro-area-employment-rises-as-gdp-shrinks\/\" \/>\n<meta property=\"og:site_name\" content=\"Euronews Albania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/euronews.al\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-15T09:36:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/11\/euro.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"771\" \/>\n\t<meta property=\"og:image:height\" content=\"431\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Euronews Albania\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@euronewsalbania\" \/>\n<meta name=\"twitter:site\" content=\"@euronewsalbania\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Euronews Albania\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/euronews.al\/en\/euro-area-employment-rises-as-gdp-shrinks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/euronews.al\/en\/euro-area-employment-rises-as-gdp-shrinks\/\"},\"author\":{\"name\":\"Euronews Albania\",\"@id\":\"https:\/\/euronews.al\/en\/#\/schema\/person\/40904b56ee024949b80be8199e47e27d\"},\"headline\":\"Euro area employment rises as GDP shrinks\",\"datePublished\":\"2023-11-15T09:36:14+00:00\",\"dateModified\":\"2023-11-15T09:36:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/euronews.al\/en\/euro-area-employment-rises-as-gdp-shrinks\/\"},\"wordCount\":283,\"publisher\":{\"@id\":\"https:\/\/euronews.al\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/euronews.al\/en\/euro-area-employment-rises-as-gdp-shrinks\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/11\/euro.jpg\",\"keywords\":[\"economy\",\"employment\",\"EU\",\"euro\",\"EUROSTAT\",\"eurozone\",\"GDP\",\"kryesore 1\",\"Kryesoret\"],\"articleSection\":[\"Europe\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/euronews.al\/en\/euro-area-employment-rises-as-gdp-shrinks\/\",\"url\":\"https:\/\/euronews.al\/en\/euro-area-employment-rises-as-gdp-shrinks\/\",\"name\":\"Euro area employment rises as GDP shrinks - Euronews Albania\",\"isPartOf\":{\"@id\":\"https:\/\/euronews.al\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/euronews.al\/en\/euro-area-employment-rises-as-gdp-shrinks\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/euronews.al\/en\/euro-area-employment-rises-as-gdp-shrinks\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/11\/euro.jpg\",\"datePublished\":\"2023-11-15T09:36:14+00:00\",\"dateModified\":\"2023-11-15T09:36:14+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/euronews.al\/en\/euro-area-employment-rises-as-gdp-shrinks\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/euronews.al\/en\/euro-area-employment-rises-as-gdp-shrinks\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/euronews.al\/en\/euro-area-employment-rises-as-gdp-shrinks\/#primaryimage\",\"url\":\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/11\/euro.jpg\",\"contentUrl\":\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2023\/11\/euro.jpg\",\"width\":771,\"height\":431,\"caption\":\"Euro currency sign in front of the former European Central Bank (ECB) building in Frankfurt am Main, western Germany. 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