Job Market Monitor
European Union
Europe – Unemployment rate stable at 11.6% in May 2014, counting 5.187 million young unemployed
The euro area (EA18) seasonally-adjusted unemployment rate was 11.6% in May 2014, stable compared with April 2014, but down from 12.0% in May 2013. The EU28 unemployment rate was 10.3% in May 2014, down from 10.4% in April 2014, and from 10.9% in May 2013. These figures are published by Eurostat, the statistical office of … Continue reading
France – The first EU country to receive funding from the Youth Employment Initiative
France has become the first EU country to receive funding from the Youth Employment Initiative YEI to tackle unemployment among young people. The European Commission will make funding available so that France can receive €620 million from the YEI and the European Social Fund ESF. The money will go towards helping young people who not … Continue reading
11 EU Nations Set To Tax Financial Transactions – “It’s a tax on job” says UK treasury chief George Osborne
A group of 11 European Union countries agreed to introduce a financial transaction tax from 2016 onward, Austrian Finance Minister Michael Spindelegger said Tuesday. The nations — including economic heavyweights Germany, France, Italy and Spain — will initially tax only the trading of shares and some derivatives, Spindelegger told a meeting of the EU’s 28 … Continue reading
EU’s long-term growth and jobs plan – A public consultation launched
The Commission has launched a public consultation on the Europe 2020 strategy, the EU’s long-term growth and jobs plan. The consultation will be open until 31 October 2014. Through this public consultation, the Commission is seeking the views of all interested people and organisations on the Europe 2020 strategy. The aim of the consultation is … Continue reading
EU28 in March 2014 Unemployment rate was 10.5%, 11.8% for the euro area
The euro area (EA18) seasonally-adjusted unemployment rate was 11.8% in March 2014, stable since December 2013, but down from 12.0% in March 2013. The EU28 unemployment rate was 10.5% in March 2014, stable compared with February 2014, but down from 10.9% in March 2013. These figures are published by Eurostat, the statistical office of the … Continue reading
EU – The rate of underemployed part-time workers was 4.1 % on the top of the 10.6% unemployment rate
This article reports on three forms of unemployment in the European Union (EU) which are not covered by the ILO definition of unemployment. They are: underemployed part-time workers, jobless persons seeking a job but not immediately available for work and jobless persons available for work but not seeking it. In 2013Q4 in the EU-28, the … Continue reading
Youth Unemployment in UK – Rethink the way European funding is used says a House of Lords report
Youth unemployment has left “a generation scarred”, according to a House of Lords report out today. With the rate of young jobless in the EU still at nearly double its pre-crisis level, and the UK experiencing exceptionally high levels of unemployment, the report calls on the Government to rethink the way it uses European funding. … Continue reading
Europe’s Social-Democrats on Jobs – A 10-point plan for change
27 million Europeans are unemployed. The longest recession since the 1930s is slowly giving way to the weakest of recoveries. Inequality is rising, living standards falling. More and more workers are in precarious, insecure jobs. Real wage levels – even in the strongest economies – are lower than a decade ago. Something has gone badly … Continue reading
Youth Unemployment In Europe – A misdiagnosis
The EU underestimated just how big an impact the austerity measures would have on the economies of the member states. Europe’s economy remains relatively closed, which means that countries rely on trade with each other, so when countries all start to tighten fiscal policies at the same time, the impact is multiplied. Not surprisingly the … Continue reading
Europe – In February 2014, 5.392 million young persons (under 25) were unemployed
The euro area (EA18) seasonally-adjusted unemployment rate was 11.9% in February 2014, stable since October 2013. It was 12.0% in February 2013. The EU28 unemployment rate was 10.6% in February 2014, down from 10.7% in January 2014. It was 10.9% in February 2013. These figures are published by Eurostat, the statistical office of the European … Continue reading
Youth Guarantee in Europe should be a joint effort
Last year, as part of the Multiannual Financial Framework (MFF) 2014-2020, EU leaders agreed to provide an additional €6 billion to support employment of people under the age of 25. The so-called Youth Employment Initiative (YEI), or Youth Guarantee scheme, now plays a crucial role in the EU labour market, with the additional funding frontloaded for the first … Continue reading
Getting in Europe – Over 17 million people from third countries around the world submitted visa applications
Last year over 17 million people from third countries around the world submitted visa applications to enter the Schengen area. This is certainly a striking figure, but what is even more striking are the estimations that at least 6.6 million potential travellers did not enter the Schengen area in that same year due to lengthy … Continue reading
EU – The Youth Unemployment Puzzle (Infographic)
Youth Unemployment: Mind the Gap – EU’s Unemployment Puzzle Infographic – Blogs – IIEA – The Institute of International and European Affairs. Related articles OECD / Europe’s youth is explosive issue, not deflation Youth unemployment in Europe / It could prolong the crisis says Christine Lagarde says Youth unemployment in Europe / An IPPR report … Continue reading
European Union – 5.556 million young persons (under 25) were unemployed in January
The euro area (EA18) seasonally-adjusted unemployment rate was 12.0% in January 2014, stable since October 20134. It was also 12.0% in January 2013. The EU28 unemployment rate was 10.8% in January 2014, stable since October 20134. It was 11.0% in January 2013. These figures are published by Eurostat, the statistical office of the European Union. … Continue reading
EU labour market / A growing North-South divide
Vacancy trends in the European labour market indicate a widening gap in job opportunities between Northern and Southern countries. The latest issue of the European Vacancy Monitor (EVM) reveals a shortage of labour supply in countries such as Austria, Denmark Sweden, Estonia and Latvia, while competition for jobs is increasing in countries such as Greece, … Continue reading
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