Job Market Monitor
European Union
Older Workers in Europe – A significantly larger increase in employment than the one observed for the general population (1997‐2011)
European welfare states are under stress: demographic and social changes are leading to increasing demands in terms of expenditures at a time when the population in working age is shrinking. In the face of this observation, academic economists have been promoting the idea of increasing the employment rate of the elderly as one key policy … Continue reading
Youth in EU – The best educated ever yet, 8.7 million young people aged 15-29 are unemployed
The EU Youth Report reveals that generally young people are better educated than their predecessors and less young people drop out of school in the EU. Yet, 8.7 million young people aged 15-29 are unemployed, 13.7 million are not in employment, education or training (NEETs) and close to 27 million are at risk of poverty … Continue reading
Overeducated in the EU – Taking time to ensure that the job matches your skill set has a big pay‐off
Studies of skill mismatch tend to focus on one of two central measures (a) overskilling which describes the phenomena whereby workers are unable to use a range of their skills and abilities in their current job and (b) overeducation, which describes the phenomena whereby workers have acquired a level of schooling in excess of what … Continue reading
Apprenticeship – A US-EU Working Group on Employment and Labor discuss how to advance apprenticeship strategies in Europe and the United States
Two years ago, President Obama issued a bold challenge for America to double the number of registered apprenticeships within five years. The Labor Department has stepped up to the challenge, and the total number of apprenticeships is already up about 20 percent – a dramatic increase that shows employers and workers across the nation are … Continue reading
VET perception and Attractiveness in Europe – The chance to earn while learning is a key
With astonishing rates of youth unemployment across many european member states, policy makers are increasingly called into action in order to tackle a generational plague affecting both european youth, and the overall prosperity of the continent. The observation that countries with low youth unemployment rates are those where Vocational Education and Training (VET) and apprenticeship programmes … Continue reading
The implementation of a European unemployment insurance – A report
The implementation of a European unemployment insurance system could begin with the creation of a eurozone budget; a time-consuming but popular idea, according to the French Council of Economic Analysis. The idea of a common system of unemployment insurance within the eurozone is taking off. The need to strengthen the budgetary policy of the single … Continue reading
Unemployement in Europe – The great divide
Europe is stuck in a jobs crisis. Eight years on from the financial crash, unemployment remains the biggest threat to the social fabric of the single currency’s weakest economies. The latest round of labour market data show the average unemployment rate in the 19-country bloc fell to 10.4pc, its lowest level since September 2011.But the … Continue reading
Unemployment in EU – The lowest rate recorded since February 2012 but 4.634 million young persons are still unemployed
The euro area (EA19) seasonally-adjusted unemployment rate was 10.9% in July 2015, down from 11.1% in June 2015, and from 11.6% in July 2014. This is the lowest rate recorded in the euro area since February 2012. The EU28 unemployment rate was 9.5% in July 2015, down from 9.6% in June 2015, and from 10.2% … Continue reading
Europe – Which reforms should be implemented?
In many parts of Europe, labour market reforms during the last eight years were misguided and backfired. Theory and evidence tell us that: It is always better to have institutions allowing adjustment along several margins, not only employment. When implementing labour market reforms, it is important to take into consideration cyclical conditions. A very tough … Continue reading
EU – To act on unemployment
Over seven years since the onset of the financial crisis, the unemployment situation in the Eurozone remains a big concern. As of June this year the unemployment rate across the euro area was 11.1%, compared with 5.3% in the United States: Even allowing for the fact that US unemployment has been considerably lower since 2000, the … Continue reading
EU – A Single Labor Market has not been accomplished yet
A Single European Labor Market, particularly involving the free movement of workers within Europe, has been a goal of the European community since the 1950s. While a Single European Labor Market may create certain drawbacks, it certainly entails benefits that are likely to outweigh the downsides. Labor market experts agree that free labor mobility is … Continue reading
Quality of Life EU – Most satisfied with their personal relationships and least with their financial situation and time use
On the occasion of the launch of this flagship publication, Eurostat, the statistical office of the European Union, publishes a selection of the range of indicators it contains related to well-being and satisfaction of people in Europe in 2013. They provide a broad overview of the wealth of information measuring quality of life in the … Continue reading
Social protection in EU – 29.0 % of GDP
In 2011, in EU Member States EUR 3 689 thousand million gross, or 29.0 % of their GDP, were spent on social protection benefits[1]. The income provided by some benefits paid in cash is, however, potentially subject to levies imposed through the fiscal system. The deduction of levies, such as income taxes or social contributions, from the … Continue reading
Workplace Practices in Europe – Most managers (84%) and employee representatives (67%) report a ‘good’ or ‘very good’ work climate
The European Union’s Europe 2020 strategy aims to address the shortcomings of the European growth model and to create the conditions for ‘smart, sustainable and inclusive growth’. The findings of the ECS 2013 are of particular interest for the ‘innovation union’, ‘industrial policy for the globalisation era’, and ‘agenda for new skills and jobs’ flagship … Continue reading
Spain – Home to the 5 worst EU regions for unemployment
Spain still has the second-highest unemployment rate in the EU, at 23.2% way worse than third-place Hungary (18.5%) but not quite as terrible as Greece (26%). That would be bad enough. But the report also shows that Spain is proud home to the five European regions with the worst levels of unemployment. At the top … Continue reading
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