Eurozone employment stable

Eurozone employment was stable quarter-on-quarter in the third quarter, according to official figures from Eurostat.

It had edged up by 0.1 per cent quarter-on-quarter in the second quarter.

Howard Archer of Global Insight said: "The fact that Eurozone employment was only stable in the third quarter indicates that companies are still reluctant to take on workers and may well be trying to get as much as they can out of their existing workers.

"It also needs to be borne in mind that EUrozone economic activity modearted in the third growth after spiking up in the second quarter."