Employment Change q/q shows the change in the number of people employed in the euro area in the given quarter compared to the previous one. The calculation includes the full and part-time employment, as well as hired labor and self-employment.
The index increase allows forecasting the growth in consumer spending. That is why the growth of the indicator value can have a positive effect on euro quotes.
The chart of the entire available history of the "European Union Employment Change q/q" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.