Job Market Monitor
European Union
Youth Unemployment in EU – The crisis has caused a significant increase, but rates vary widely
“There are many reasons for youth unemployment: besides the general situation on the labour market, one might mention education and training systems, labour market and employment policies, but also the stratification and distribution of opportunities in society” write JOERG BERGSTERMANN AND BJOERN HACKER in Youth Unemployment in Europe on social-europe.eu. As things stand at the moment, the … Continue reading
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
Euro Crisis – Former German Chancellor Schmidt – Could End Badly
Since the beginning of the debt crisis, the European rescue efforts might have managed to save a number of banks, but they have failed so far in preventing recessions, lowering unemployment rates, or even decreasing anxiety, said former German Chancellor Helmut Schmidt according to a Handbelsbalt report. “After half a century since the beginning of … Continue reading
Krugman on Euro | Apocalypse Fairly Soon
Suddenly, it has become easy to see how the euro — that grand, flawed experiment in monetary union without political union — could come apart at the seams. We’re not talking about a distant prospect, either. Things could fall apart with stunning speed, in a matter of months, not years. And the costs — both … 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
Euro area unemployment hits record high
Europe’s Unemployment statistics – March 2012 – Euro area unemployment rate at 10.9%, EU27 at 10.2% The euro area (EA17) seasonally-adjusted unemployment rate was 10.9% in March 2012, compared with 10.8% in February. It was 9.9% in March 2011. The EU27 unemployment rate was 10.2% in March 2012, stable compared with February. It was 9.4% in March 2011. Eurostat estimates that 24.772 million men … Continue reading
Spain enters in recession helped by austerity
Spain sank into recession in the first quarter and economists said spending cuts aimed at meeting strict EU deficit limits together with troubles in the banking sector would delay any return to growth until late this year or beyond. It is the second recession in just over two years for the euro zone’s fourth largest … Continue reading
1/3 of unemployed in eurozone are from Spain
Fears for Spain’s ‘imploding’ economy grew yesterday as figures revealed that one in four people in the country are out of work. The figure – 24.4 per cent – is so high it means that one jobless person in three inside the eurozone is Spanish. Unemployment in the country now tops 5.6million – its highest … Continue reading
Job Gap | Europe’s army of ‘underemployed’ nearly 25 million plus 9 million underemployed
Almost nine million people in the European Union were considered “underemployed” in 2011, according to new Eurostat figures. These numbers add to the growing ranks of nearly 25 million unemployed in the EU, highlighting a ticking social time-bomb. Some 42 million workers in the EU were employed part-time in 2011, according to a survey by … Continue reading
Europe | Promoting of job creation and labour demand – We hope so!
“The European Commission and I do not believe that the European social model is dead,” European Commission President Jose Manuel Barroso told the European Parliament on 18 April. The same day the Commission adopted a package of documents dedicated to creating jobs and achieving higher employment in the EU. The Commission proposes specific measures to … Continue reading
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 … Continue reading
Job Trends – Despite Sluggish Growth, Labor Markets in Developing Countries Continue Their Gradual Recovery
In a sample of developing countries, growth in the fourth quarter of 2011 slowed amidst considerable economic uncertainty. Figure 1 shows median growth rates of output, employment, wages, and the median unemployment rate for 11 countries with complete series on all four indicators. Median growth in gross domestic product (GDP) weakened slightly over the fourth … Continue reading
Soros | Euro crisis could destroy the EU
Billionaire George Soros warned on Monday that the euro crisis is growing deeper, tearing at the fabric of European Union cohesion, because policymakers are prescribing the wrong remedies. “I’m afraid that the euro crisis is getting worse. It’s not over yet, and it is going in the wrong direction,” Soros said in discussion with Denmark’s … Continue reading
UPDATE : EU growth plan | Target: 17 million jobs
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 … Continue reading
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