Employment in the euro area rose by 0.1% in the first quarter of this year compared with the previous period. For the year indicator had risen to 0.8%, against 0.9% in the previous quarter. In the 28 countries of the European Union employment growth in the first quarter was 0.3% versus Q4 2015 and by 1.1% compared to the same period last year. In the euro zone 150.3 million people were employed and 228.1 in the EU as a whole. The improvement in the labor market has a positive effect on the euro, but at the moment the central factors that influence the course of trading are the Greek crisis and monetary policy in the United States. We maintain a medium-term negative outlook for the euro.