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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone Employment Change QoQ held to 0.1% in Q2 2026
FMPMonthlyReleased September 2026
Eurozone Employment Change QoQ held to 0.1% in Q2 2026, released September 2026. The reading matched the 0.1% consensus. The print is running well below the 12-month average of 0.15%. Employment Change QoQ is now the lowest in 54 months.
Latest Release
0.1
Actual
0.1
Consensus
0.1
Previous
Median Absolute Error
±0.04 percentage points
across last 12 releases
Last Call
Sep 2026
Predicted: 0.1
Actual: 0.1
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.38 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| FTSE 100 | ▼ Inverse | −0.30 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Employment Change QoQ (European Union) was reported at 0.1% in September 2026. This matched the market consensus of 0.1% exactly. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 0.14%, ranging from 0.1% to 0.2% across 8 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.1%, down from the prior three at 0.17%. Volatility over the past year (σ 0.05%) is lower than the prior year (σ 0.07%). In September readings over the past 3 years, Employment Change QoQ has averaged 0.13%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.04%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Sep 15) and ZEW Economic Sentiment Index (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Employment Change QoQ - EU
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About Employment Change QoQ — European Union
DEFINITION
Employment Change QoQ (Quarter-over-Quarter) is a financial indicator that measures the percentage change in the number of employed individuals in a given quarter compared to the previous quarter. It provides valuable insights into the current state of the job market and the overall health of the economy. A positive change indicates an increase in employment, while a negative change suggests a decrease. This indicator is closely monitored by investors, policymakers, and analysts as it can impact consumer spending, business growth, and overall economic performance.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 0.1 %, consensus 0.1 %. Prior reading (Apr 2026): 0.1 %. Before that (Jan 2026): 0.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection.
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EXPECTED ZONE
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Economic Calendar - EU Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | EU | Balance of Trade | 8.6 | 3.7 | -0.70 | Medium | |
| 09:00 | EU | ZEW Economic Sentiment Index | 31.4 | 39.9 | 48.25 | Medium | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | EU | Industrial Production MoM | 0 | -0.4 | -0.50 | Medium | |
| 09:00 | EU | Industrial Production YoY | 0.1 | -0.3 | 0.70 | Low | |
| 09:00 | EU | Wage Growth YoY | 3.4 | 3.2 | 3.45 | Low | |
| 09:00 | EU | Labour Cost Index YoY | 3 | 3.2 | 3 | 2.98 | Low |