Compared to the same quarter last year, seasonally adjusted GDP in the euro area increased by 1% in the second quarter, and by 1.2% in the EU.
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For comparison, in the United States, GDP increased by 0.4% over the quarter and grew by 2.1% over the year.
Employment growth in the euro area and the EU
In the second quarter, the number of employed persons increased by 0.1% compared to the previous quarter in both the euro area and the EU. In the first quarter, employment in the euro area increased by 0.1%, while it remained stable in the EU.
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Compared to the same quarter last year, employment increased by 0.5% in both the euro area and the EU in the second quarter, while in the first quarter of this year it increased by 0.5% in the euro area and 0.6% in the EU.
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