Job Market Monitor
European Union
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
Vacation Around the World / United States Still a No-Vacation Nation
The United States is the only advanced economy that does not guarantee its workers any paid vacation time, according to a new review of international labor laws by the Center for Economic and Policy Research (CEPR). As a result, almost 1-in-4 Americans do not receive any paid vacation or paid holidays, trailing far behind most … Continue reading
Eurozone in recession for 1.5 years as France double dips
Euro area GDP down by 0.2% and EU27 down by 0.1% and -1.0% and -0.7% respectively compared with the first quarter of 2012 GDP fell by 0.2% in the euro area1 (EA17) and by 0.1% in the EU271 during the first quarter of 2013, compared with the previous quarter, according to flash estimates2 published by Eurostat, … 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
Europe / Barroso calls for ‘ambitious’ youth jobs plan
European Commission president Jose Manuel Barroso on Thursday urged Europe’s leaders to come up with an “ambitious” jobs plan for youth at a June summit, as he held talks with new Italian premier Enrico Letta. Winding up a tour that has taken him to Berlin, Paris and Brussels to present his economic recipe for Italy, … Continue reading
Europe / Unemployment Sets Another Record
Eurostat estimates that 26.521 million men and women in the EU-27, of whom 19.211 million were in the euro area (EA-17), were unemployed in March 2013. Compared with February 2013, the number of persons unemployed increased by 69.000 in the EU-27 and by 62.000 in the euro area. Compared with March 2012, unemployment rose by … Continue reading
Greece’s Bailout / 15,000 public sector jobs cut
The dust is beginning to settle in Athens following the approval of mass layoffs of government workers by the parliament on Sunday. Over 15,000 people face redundancy by the end of next year in a move which overturns the constitutional guarantee for civil servants to have a job for life. The move was was necessary … Continue reading
UK / Could be forced to take jobless immigrants from around Europe
BRITAIN could be forced to accept unemployed migrants from the rest of Europe, Brussels chiefs declared yesterday. The European Commission said there was “no evidence” that they would take jobs from British nationals. It also insisted that immigrants should have the same access to benefits as people already living here — and even be shown … Continue reading
Europe / Paying for growing numbers of old people
Long after the debt crisis is over, Europe will be grappling with an even more serious problem – how to pay for growing numbers of old people. The population of some countries is stagnant or already shrinking, notably Germany’s. That will reduce savings and potential economic growth. The workers who remain are getting older and … Continue reading
Euro Zone / Rehn promises less austerity
The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, EU Economic and Monetary Affairs Commissioner Olli Rehn has said. Mr Rehn’s comments are being viewed by some as an admission that fiscal adjustments linked to the troika programmes in Europe are having a greater-than-expected impact on growth. Chosen excerpts by Job … Continue reading
Europe / Auto Market contracted in March
European new car sales contracted in March for an 18th consecutive month, industry data showed Wednesday, led by declines in Germany and France. New vehicle registrations in the European Union fell 10.2 percent in March from a year earlier, the European Automobile Manufacturers’ Association reported from Brussels, to 1.3 million vehicles from about 1.5 million … Continue reading
Europe / Older workers: Neither the Member States nor the Commission are in a position to establish results
Member States and Commission cannot assess if programmes actually help – say EU Auditors Increasing the employment rate of older workers is part of the EU’s strategic goals. But a new report by the European Court of Auditors has found that neither the Member States nor the Commission are in a position to establish how … Continue reading
EU / 1.85 million unfilled vacancies
The European Commission today published two reports analyzing the skills needed in Europe since there are 1.85 million unfilled vacancies throughout the EU. The European Vacancy Monitor and the European Job Mobility Bulletin aim to draw attention on existing vacancies in various fields in order to promote employment opportunities and boost growth. The European Job Mobility Bulletin indicates that … Continue reading
Euro area / Unemployment rate at 11.9% (EU27 at 10.8%)
The euro area (EA17) seasonally-adjusted unemployment rate was 11.9% in January 2013, up from 11.8% in December 2012. The EU271 unemployment rate was 10.8%, up from 10.7% in the previous month. In both zones, rates have risen markedly compared with January 2012, when they were 10.8% and 10.1% respectively. These figures are published by Eurostat, … Continue reading
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