Job Market Monitor
Europe
Europe / 31.2 million people of all ages are either looking for jobs, willing to do so
Euro-area data this week will probably show the region ended 2013 with a record jobless rate that reveals only part of the social legacy of the debt crisis. While economists predict unemployment in December stayed at an all-time high of 12.1 percent, with about 19 million jobless, that tally excludes legions of adults who would … Continue reading
IMF / ‘Jobs and Growth: Supporting the European Recovery’ to be launched in Brussels, Belgium on January 28
IMF Managing Director Christine Lagarde will introduce the session, followed by comments from Wolfgang Schäuble, Finance Minister of Germany, and Luis de Guindos, Minister of Economy and Competitiveness of Spain. The event will be chaired by Fabian Zuleeg, Chief Executive of the European Policy Centre Continue reading
Job Search in Europe / EURES would be improved
The pan-European job search network EURES would be strengthened to provide more job offers, increase the likelihood of job matches and help employers, notably small and medium businesses, to fill job vacancies faster and better, under a proposal just presented by the European Commission. Once adopted by the EU’s Council of Ministers and the European … Continue reading
Immigration and Welfare in Europe / Does it really foster integration ?
As part of the 28-nation European Union, Polish citizens have most of the same welfare rights here as Britons, under a European Union policy designed to foster European integration and create a vibrant economic market with mobile workers. Instead, it seems to be driving Europeans apart. At a time when some governments’ austerity policies have … Continue reading
IT Skills Gap in Europe / Skills mismatches and occupational shifts have worsened
“In all countries, there is an expectation that many of the new jobs created will be in the knowledge-intensive economy,” said Glenda Quintini, a senior labour economist at the Organization for Economic Cooperation and Development. “But we are seeing a worrisome skills mismatch that means a large number of unemployed people are not well prepared … Continue reading
Europe Central Bank / Interest rates to stay low to help growth and job
Interest rates will stay low to support economies and jobs, European Central Bank Governing Council member Ewald Nowotny told a newspaper, dismissing complaints that low rates were hurting savers. “Given the economic situation, the level of interest rates will remain low because it is in the overall economic interests to have this support for growth … Continue reading
Youth unemployment in Europe / It could prolong the crisis says Christine Lagarde says
Christine Lagarde, the managing director of the International Monetary Fund, has warned that long-term prospects for growth in the eurozone look bleak unless politicians act urgently to stoke domestic demand and tackle youth unemployment. After months of relative calm in financial markets, and with Ireland due to end its painful bailout programme and end its … Continue reading
Unemployment and Minimum Wages in Europe, 2013 – A Table
Unemployment and Minimum Wages in Europe, 2013 via Stephen Hicks, Ph.D. » Table: Unemployment and Minimum Wages in Europe, 2013.
Apprenticeships and Internships in Europe / It is time to take a new approach argues Microsoft’s Afke Schaart
Developing high quality apprenticeships and internships are key to tackling Europe’s youth unemployment, argues Microsoft’s Afke Schaart. Six years on from the start of the economic crisis, unemployment remains stubbornly high in Europe. It\’s been well documented that Europe’s youth have borne the brunt of the downturn whether through lost job opportunities or serial unpaid … Continue reading
MBA / US vs Europe on jobs and pay
It’s a good time to be an MBA from an American business school. Some 95 percent of the Class of 2013 is working full-time, according to the latest data from the Graduate Management Admission Council (GMAC). The situation isn’t as good across the Atlantic. Europe’s lagging economy means the job market is tighter: Eighty-two percent … Continue reading
Europe / The Jobs Recovery Is Always Two Years Away
Is the jobs recovery around the corner? A few week ago, the European Commission published its latest economic forecast. Unemployment in the Euro area is projected to drop from 12.2% in 2014 to 11.8% in 2015. This is seemingly good news. The bad news is that the Commission also predicted that unemployment would begin to drop in … Continue reading
Youth unemployment in Europe / An IPPR report
The nature of youth transitions is diverse across different European countries, and is not only affected by short-term changes in the economy such as those experienced in the last five years Continue reading
World Bank on Europe and Central Asia / Creating More and Better Jobs
The World Bank recommends actions for creating more jobs and making them more accessible HIGHLIGHTS A new regional report examines the role of policy reforms, firms, skills, incentives and barriers to work in Europe and Central Asia, and ways to create more and better jobs. Report suggests that countries must regain their momentum for economic … Continue reading
Europe / Euro area unemployment rate at 12.2%, 24.1% for youth
The number of people out of work in the euro zone rose slightly in September, according to official data published on Thursday, showing that signs of renewed economic growth have not yet filtered through to the labor market. (via Jobless Rate in Euro Zone Stays at Record – NYTimes.com.) The Official Release The euro area (EA17) … Continue reading
Europe / 5.499 million young persons (under 25) unemployed in the EU28
In August 2013, the youth unemployment rate was 23.3% in the EU28 and 23.7% in the euro area, compared with 23.1% and 23.4% respectively in August 2012. In August 2013, the lowest rates were observed in Germany (7.7%) and Austria (8.6%), and the highest in Greece (61.5% in June 2013), Spain (56.0%) and Croatia (52.0% in the second quarter of 2013). Continue reading
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