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Euro zone employment rises, trade surplus grows

Euro zone employment rose for the second consecutive quarter in the first three months of the year in a sign the recovery was finally helping the labour market and a widening trade surplus signalled a further positive contribution to growth in April. In Portugal, which exited an international bailout in May, employment fell 0.3 percent on the quarter, but jumped 1.8 percent year-on-year. Separately, data showed that net trade made a positive contribution to growth in April as the trade surplus increased to 15.7 billion euros, from 14.0 billion in the same period of 2013. Economists polled by Reuters had expected the trade surplus to narrow to 13.9 billion euros in April from the originally reported 17.1 billion surplus in March.

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