A Closer Look

UPDATE- 2: EU growth plan | Target: 17 million jobs

EC aims to boost European job market | Unemployment

With unemployment across the EU continuing to grow, the European Commission has outlined what it believes are ways of increasing the demand-side of job creation and fostering a dynamic employment market.

Despite the findings that unemployment figures in the UK improved in the three months to the end of February due to an upsurge in part-time positions, the Commission is aiming to encourage hiring by reducing taxes on labour and supporting business start-ups more.

The employment package is urging nations to support the increase of highly qualified ICT labour and to promote digital skills across the workforce.

Jose Manuel Barroso, president of the European Commission, says that Europe needs a job-creation strategy to tackle its ‘unacceptable’ level of unemployment.

‘The EU has a large untapped potential to boost job creation. All together, the green economy, the health and new technology sectors will create more than 20 million jobs in the years to come.’

Barroso adds that member states of the EU need to stimulate labour markets in order to mobilise existing resources.

Also included in the proposal is the need to establish decent and sustainable wages and avoid low-wage traps.

The Commission wants to see better recognition of skills and qualifications to bring the worlds of education and work closer together and eliminate the four million jobs still vacant in the EU…

Source:

Read More @ EC aims to boost European job market | Unemployment.

European Union officials are putting the final touches to a detailed economic growth plan they hope to unveil next week.

The move comes as investors, spooked by the prospect of a deepening recession in the eurozone’s south, have pushed Spanish borrowing costs to their highest levels for four months.

A draft of the 28-page plan by the European Commission, the EU’s executive branch, calls on national governments to implement a series of job-creating policies, including cutting labour-related taxes, and shifting the burden to property, energy and emissions levies.

It also calls for countries to lift remaining restrictions on worker movement within the EU, which the plan argues has prevented the skilled jobless from moving to countries with labour shortages.

The draft’s call for all travel restrictions to be lifted on Bulgarian and Romanian workers could cause controversy in France. Such restrictions remain in place there, and migration issues have become central in President Nicolas Sarkozy’s re-election campaign…

Source:

Read More @ Brussels set to unveil EU growth plan – FT.com.

Unemployment of Europe’s young people soars by 50% 

Unemployment among Europe’s young people has soared by 50% since the financial crisis of 2008. It is rising faster than overall jobless rates, and almost half of young people in work across the EU do not have permanent jobs, according to the European commission.

Three policy papers obtained by the Guardian outline action to create 17.5m jobs in Europe by 2020, but paint a grim picture of prospects for Europe’s youth and underline how the sovereign debt crisis of the last two years has widened the gap between the eurozone’s successful northern core and its failing periphery.

Source : 

via Unemployment of Europe’s young people soars by 50% | Business | The Guardian.

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