Recital 1

(1)Accurate, timely, reliable and comparable labour market statistics on businesses in the Union are required for the design, implementation and evaluation of Union policies, in particular those addressing economic, social and territorial cohesion and the European employment strategy, and in the context of the principles of the European Pillar of Social Rights (EPSR). Those statistics are also relevant in the context of the European Semester, the EPSR action plan and the social economy action plan. They are also important for the Union to fulfil its tasks under the Treaties.