Job Market Monitor
European Union
Europe / Unemployment ‘unacceptably high’ says Jonathan Todd, spokesman for the European Commission
Two nations at the forefront of the European economic crisis, Spain and Greece, have the region’s highest unemployment with more than one in four people out of work. The statistics are even grimmer fro those younger than 25 years of age in both countries, with joblessness as high as 60 percent. Overall, more than 10 … Continue reading
Europe had 7.5 million NEETs aged 15 to 24 in 2011, a big burden
Europe’s young people are suffering disproportionately in the economic crisis and we must do more to prevent them from becoming ‘a lost generation’ – says think-tank Youth unemployment rates in some European Union countries are scandalously high. Many member states are hoping to copy the success of the German apprenticeship system. Although nations should be encouraged to … Continue reading
Europe / Unemployment continues to rise, reaching 11.7%, and 55,9% of youth in Spain
The euro area (EA17) seasonally-adjusted unemployment rate was 11.7% in October 2012, up from 11.6% in September. The EU27 unemployment rate was 10.7% in October 2012, up from 10.6% in September. In both zones, rates have risen markedly compared with October 2011, when they were 10.4% and 9.9% respectively. Eurostat estimates that 25.913 million men and women in the … Continue reading
Europe is still not sufficiently skilled writes the European Commission in Pathways towards full employment
“The economic crisis is fuelling a stream of bad news about jobs in Europe.” writes Robert-Jan Smits, Director-General for Research and Innovation, European Commission in the foreword of New skills and jobs in Europe: Pathways towards full employment (Adapted choosen excerpts by Job Market Monitor to follow) People around us are losing their jobs and … Continue reading
Spain / Bankia cuts 6,000 jobs
Spain pushed forward on Wednesday with a major overhaul of the country’s stricken banking sector after Brussels approved EU-funded restructuring plans, and with nationalised Bankia saying it will slash 6,000 jobs and is set for a huge loss. Meanwhile the Bank of Spain delivered more bad news on the overall economy, saying country appears stuck … Continue reading
Europe / Job search network EURES improved
The European Commission decided to improve EURES, the EU job search network in order to increase mobility of workers across Member States and contribute to the establishment of a true European labour market. The new EURES website will facilitate the contact between jobseekers and employers looking for particular skills, focus on sectors and occupations with … Continue reading
Europe / Rethinking Education strategy
The youth unemployment rate is close to 23% across the European Union – yet at the same time there are more than 2 million vacancies that cannot be filled. Europe needs a radical rethink on how education and training systems can deliver the skills needed by the labour market. The challenge could not be tougher … Continue reading
EU / Jobs Outlook Dismal Finds Gallup
Amid rising unemployment, the jobs outlook across the European Union is deteriorating in 2012. Majorities in all EU countries except Germany and Austria — where unemployment rates are among the lowest in the eurozone — say now is a “bad time” to find a job in the city or area where they live. Pessimism is … 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
Employment In Europe / Some perspectives
Over the past decades, there used to be that almost axiomatic, empirically derived law in economics that the natural unemployment *** rate in the US was bound to be lower than in most other western countries (notably European ones). I concentrate mainly on the EU in this answer since the other European countries are mostly … Continue reading
Euro zone / A second recession since 2009
The debt crisis dragged the euro zone into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data showed on Thursday. The two leading economies both managed 0.2-per-cent growth in the July-to-September period. But the resilience could not save the austerity-hit 17-nation bloc from overall contraction as the … Continue reading
Egypt / New EU support for job creation and vocational training for young people
The European Commission has approved new programmes for Egypt, to support job creation for unskilled workers, and to enhance the efficiency of the Technical and Vocational Education Training (TVET) system to better respond to the demands of the labour market and to the country’s new socio-economic needs. The new support for job creation will provide … Continue reading
Gender Gap / EU / Quota of 40% of women on boards has been approved
The EU has approved the proposals from justice commissioner Viviane Reding to have 40% of women on company boards by 2020. Reding tweeted the news this morning but an official announcement is expected later. They will still need to be approved by the European Parliament and the Council of Ministers, but Reding said she was … Continue reading
Europe / Austerity and Layoffs Lead To Workers Strikes
With rampant unemployment spreading misery in southern Europe and companies shutting factories across the continent, workers around the European Union sought to unite in a string of strikes and demonstrations on Wednesday. Most European governments have in recent years had to cut spending, pensions and benefits and raise taxes aggressively to bring public debt under … 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
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