ROME (Reuters) – Compared to 2008, when the crisis began, total employment in Italy “was almost unchanged, in contrast with the set of ‘ euro area and its smaller economies “.
The European Central Bank says, adding that, between the second quarter of 2013 and the same period of 2015, the increase in the number of employees “was due to the 63% of part-time positions.”
“Two major euro area economies, Germany and Spain, have contributed almost two thirds to the overall number of employees in the second quarter of 2013, with contributions amounting to 592,000 and 724,000 units “it said in the monthly bulletin of the ECB.
“This result does not depend only on the size of the two countries, it considers that in the same period the employment levels of France and Italy have increased, in order, of just 190,000 and 127,000 units, representing roughly 15% of the rise for the whole of the euro area “.
The ECB goes on to note that “the recovery in employment in the euro area was driven not only by Spain, the marked increase in the number of employees in Ireland, Greece and Portugal.”
“As a whole, these three economies have exerted an impact of about 15% growth in employment in the euro area since the second quarter of 2013,” coinciding then the contribution of France and Italy, the ECB adds .
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