Job Market Monitor
European Union
European Wind Energy Association sees 500,000 jobs to Europe by 2020
Wind energy to bring 500,000 jobs to Europe by 2020 according to a new report from the European Wind Energy Association (EWEA) Wind power has certainly been gaining more attention throughout Europe, despite concerns regarding efficiency and viability. Many European countries are beginning to adopt and make use of wind turbines and some have become … Continue reading
The Euro Crisis Rides Again
After a quiet-ish few months, Euro panic came back in a big way on Tuesday. Spanish stocks hit a three-year low. Spain’s bond yields crept back up above 6 percent. It wasn’t any better in Italy, whose stocks fell 5 percent. That’s a lot of bad news on a day with seemingly no new news. … Continue reading
Europe | Tech Skills Gap a Myth?
It’s often claimed we are suffering an IT skills crisis of epic proportions: just recently the European Commission announced that by 2015 there will be an estimated shortfall of 700,000 IT professionals across Europe. And yet, academics have told TechRepublic there is little hard evidence of a shortage of IT workers, as neither pay levels nor … Continue reading
More Than Half Youth are unemploymed in Spain and Greece
The unemployment rate among Spain’s under-25s rose to 50.5pc in January, and to 50.4pc in Greece in December, according to the latest available data from Eurostat, the European Union’s statistics office. It compared with an average eurozone youth unemployment rate of 21.6pc. One of the lowest rates of youth unemployment is in Germany, where it … Continue reading
Austerity Is a Disaster – The Atlantic
Euro zone unemployment just hit a 15-year high. German unemployment just hit a 15-year low. What can those of us across the Atlantic glean from this seemingly bipolar state of affairs? That austerity, every economic conservative’s favorite prescription for an ailing economy — the medicine Republicans here in the United States are pushing hard — is … Continue reading
European unemployment | Highest in 14 years and Youth Hit Hardest
“European unemployment increased to the highest in more than 14 years in February as companies from Spain to Italy eliminated jobs to weather the region’s crisis” writes Bloomberg. The euro area (EA17) seasonally-adjusted unemployment rate was 10.8% in February 2012, compared with 10.7% in January. It was 10.0% in February 2011. The EU27 unemployment rate was 10.2% in February 2012, compared with 10.1% in January. It … Continue reading
China | Manufacturing | To dominate the Solar Industry
Huff Post – That the goal of the Chinese is to dominate the global solar and renewable energy industry is clear. A report released in February by the Senate Finance Committee’s Subcommittee on Trade titled “Losing the Environmental Goods Economy to China” provides ample evidence. According to the Subcommittee’s report: • The U.S. trade deficit in … Continue reading
UK | Firms asked to stop hiring foreign workers by minister Damian Green
NDTV – Amid increasing curbs on Indian and other non-EU professionals, UK authorities on Tuesday asked companies in the country to stop their “addiction” to recruiting foreign workers and hire local workers instead. Thousands of Indian professionals migrate to the UK under the ‘intra-company transfer’ and other routes, but recent and proposed changes have been strongly … Continue reading
Indian Workers | Europe allows 40,000
At least 40,000 Indians may be allowed to work in Europe, including 12,000 in Britain alone, under a secret trade plan between the European Union and New Delhi, a media report said, citing leaked documents. The EU has proposed that 40,000 Indian workers will be admitted to Europe without any labour market test as part … Continue reading
Europe | Treaty | Growth Plan Or Austerity ?
It depends on whom you’re asking the question it seems ! Europe’s Latest Treaty No Cause For Celebration – Forbes Leaders of 25 of the 27 European Union countries have signed a new Treaty on Stability, Coordination and Governance. The United Kingdom and the Czech Republic did not sign. The treaty is designed to put … Continue reading
Greece | Unemployment and the State
Is Greece a Failed State? asks Nick Malkoutzis in Foreign Policy Two years ago, Greece’s Prime Minister George Papandreou compared his country’s travails to “a new Odyssey.” Since then, about half a million Greeks have lost their jobs, tens of thousands of businesses have closed, the economy has shrunk by more than a tenth, Athens … Continue reading
European Social Partners Agree To Focus On Growth, Jobs, Strong Investments
The European social partners (ETUC, BUSINESSEUROPE, CEEP and UEAPME) agreed on the need for an urgent focus on growth and jobs and strong investments to support recovery. During their meeting preceding European Union summit in Brussels on Thursday, the European social partners presented their joint work program for 2012-2014, which includes, among others, a joint … Continue reading
Europe | Unemployment rises to record 10.7% in Euro Zone and above 20% for Youth and in Spain
Europe’s leaders travel to Brussels on Thursday, hoping to chart the continent’s way back to growth as figures show unemployment in the 17-country eurozone has spiked to its highest level since the euro was established in 1999. While the two-day summit is for once taking place amid relative calm on financial markets, Europe’s population is … Continue reading
Now, permanent settlement in UK gets tougher – IBNLive
For the first time, Britain is breaking the link between the number of years a migrant spends in the country and permanent settlement, by introducing a 35,000-pound annual salary threshold for those seeking to avail the privilege, a move that is likely to affect Indians. Until now, permanent settlement was automatic: if a migrant spends … Continue reading
Skills Gap | Europe : One in five 15-year-olds in Europe lack basic reading and writing skills
The European Commission has set up an independent group of experts on literacy chaired by Princess Laurentien of the Netherlands. EU Ministers have set a target of reducing the share of pupils with difficulties in reading, maths and science to fewer than 15% by 2020. “The launch of this group marks the start of a … Continue reading
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