Flash estimate for employment (in accordance with ESA 2010)

The Principal European Economic Indicators (PEEIs) comprise a series of statistical results which serve as the basis for decision-making processes relating to economic and financial policy within the European Union. A number of these indicators are not governed by Regulations; rather, they are drawn up on the basis of gentlemen’s agreements.

Quarterly flash estimates for employment represent a key indicator for strategies defined as part of the PEEIs for the monitoring and early verification of economic trends within the EU. They are calculated on the basis of the conceptual standards set out by the European System of Integrated Economic Accounts (ESA 2010). Flash estimates are published no later than 45 days following the end of the reference quarter. The data is also reported to EUROSTAT, where it is used to calculate EU and Eurozone aggregates.

With regard to employment, ESA 2010 refers both to persons and to jobs (activities) and full-time equivalences. Quarterly flash estimates for employment are based on the person concept so that an employed person is recorded only once and multiple instances of employment are not taken into account. Employees and self-employed persons are shown separately. While seasonally adjusted data is provided, unadjusted results are also published.

With each new publication the last quarter is revised. With publishing the annual data the previous 2 years are revised in the quarterly time series.

Employment - total (domestic concept, unadjusted and seasonally adjusted)
Employment - employees(domestic concept, unadjusted and seasonally adjusted)
Employment - self-employed persons(domestic concept, unadjusted and seasonally adjusted)

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