Job Market Monitor
EU
What is the EU doing to tackle youth unemployment?
From the Memo The July 2012 country-specific recommendations sought to ensure that youth employment remains high on the policy agenda of all Member States where youth unemployment rates are particularly dramatic. The European Commission proposed in December 2012 a Youth Employment Package to help Member States specifically tackle youth unemployment and social exclusion by giving … Continue reading
EU Youth Unemployment / Germany and France meet today
As Germany and France meet today (28 May) over a joint youth employment initiative, EU officials have rebuffed as “groundless” and “dangerous” criticism from the German finance minister that the Commission is failing to address joblessness, EurActiv Germany reports. Ministers from both countries will unveil in Paris the initiative blueprint and allow the European Investment … Continue reading
Pro-Europe UK Group / Restrict EU immigrants’ access to benefits
Pro-European business leaders responded on Tuesday to the surge in support for Ukip by proposing to restrict EU immigrants’ access to benefits, including a three-month qualification period for jobseeker’s allowance and removal of child benefit for offspring not living in the UK. The Business for New Europe group admitted there was “a massive credibility gap” … Continue reading
UE / Youth unemployment has been around long before the crisis
One of the more tragic outcomes of the euro crisis has been the gut-wrenchingly high youth unemployment rates. More than half of the young people in Greece and Spain are looking for work. “Europe is facing an often-cited “lost generation” which experiences long periods of unemployment or unstable jobs during their first working years, with … Continue reading
EU / Government books are closer to being balanced, but mass unemployment seems to be there to stay
Most government books are closer to being balanced. Budget deficits will shrink below the 3 percent limit in the Stability and Growth Pact, while the commission estimates that the eurozone will run a current account surplus of over 2 percent in 2014. The commission also expects Spain to run a current account surplus in 2013. … Continue reading
EU / Youth Unemployment / A ‘lost generation’ fund
European Union leaders are expected to set aside more than 5 billion euros from the EU budget to tackle the bloc’s soaring and costly youth unemployment when they meet for a summit in Brussels on Thursday. The aim is to get to grips with the debilitating unemployment caused by the region’s debt and economic crisis. … Continue reading
Europe / Toward a Financial transactions tax
EU finance ministers have given the green light for 11 eurozone members, including France and Germany, to ready a new tax on financial transactions. The approval under “enhanced co-operation” rules allows the smaller group to pioneer the tax. Governments previously failed to agree to impose the tax across the entire 27-member EU or 17-member eurozone. … Continue reading
An EU wide unemployment insurance system?
One of the most promising measure normally present in monetary unions is unemployment compensation. This idea is currently being given a push in the EU – including by the Employment Commissioner Laszlo Andor who has talked about it as serving as an automatic stabiliser and argued that “We need and must study the possible set-up … Continue reading
EU / Education reform key to growth
Europe’s governments must improve their education systems to help kick-start jobs and growth, the European Commission has said. The Commission has no direct role in national education policies but agreed a “strategic framework for European co-operation in education and training” with member states in 2009. Now Education and Culture Commissioner Androulla Vassiliou wants to monitor … Continue reading
EU | Invest for a job-rich recovery in Europe says László Andor European Commissioner responsible for Employment
The macro-economic situation in Europe continues to be extremely challenging. A number of Member States are in a double-dip recession and labour markets are in a crisis not seen in the EU for at least two decades. What is more, the outlook is not getting better. The European Commission’s Autumn forecast, presented on Wednesday, projects … Continue reading
EU – Trade Unions – Austerity and industrial policy ‘absolutely contradictory’
Trade unions say the European Commission’s new industrial policy must be followed up with concrete actions. The European Commission published a communication on industrial policy last week, attempting to re-launch manufacturing industry and calling fora “new industrial revolution” in Europe. The industry is ready to lead the revolution, but it needs the right instruments, European … Continue reading
EU – The Employment Crisis – a New Brussels’ Priority
“The persistently worsening employment situation represents the biggest worry of European citizens and governments today, as well as a threat to Europe’s medium-to-long term stability, competitiveness and prosperity. Between 2008 and mid-2012, the EU27 … http://www.euinside.eu/en/news/eu-globalisation-fund-success
Europe – Employment – The EU-27 employment rate for the 20–64 age group dropped from an average of 70.4% in 2008 to 69.1% in 2009
The EU-27 employment rate for the 20–64 age group dropped from an average of 70.4% in 2008 to 69.1% in 2009, falling for the first time in the past five years and slipping away from the Europe 2020 target, set at 75%. Sources: Eurostat regional yearbook 2011 See also : Europe – Regional unemployment rates – From 2.5% in Salzburg … Continue reading
Europe – Regional unemployment rates – From 2.5% in Salzburg and Tirol to 30.4% in Andalucia
Regional unemployment rates varied widely across the 271 NUTS 2 regions of the EU27 in 2011, with the lowest rates recorded in the regions of Tirol and Salzburg (both 2.5%) in Austria, Zeeland (2.7%) in the Netherlands and Oberbayern (2.8%), Niederbayern (2.9%) and Freiburg (3.0%) in Germany, while the highest rates were registered in the regions of Andalucía (30.4%) and … Continue reading
Eurozone economy to shrink in 2012 dragged down by Greece, Spain, Italy …
The eurozone economy is forecast to shrink this year as its debt crisis continues to bite. The European Commission’s spring forecast confirmed its prediction of a 0.3% contraction in 2012 in the economies of the 17 countries that use the euro. It predicted growth of 1.0% for the eurozone in 2013. European Commissioner for Economic … Continue reading
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