In which country is the hardest to find a job?

World lookout indications shows the economic crisis is going to be ended. However, in the richest countries, which have extended social privileges, dropping out of the recession will take, unfortunately, longer time. Unemployment will grow, and nothing indicates that it will stop. The data presented recently by the Organization for Economic Cooperation and Development (OECD) shows that the 30 richest countries, including USA, Japan and Germany, unemployment rises in most European countries.

European officials are grappling with the debt of Greece, however, more serious and tangible problem in many parts of Europe are the problems of ordinary people to find work. Last year, the unemployment rate has risen dramatically in Ireland. In january was 13.8 percent, which means that since last year grew by 4.4 percentage points. In second place is Slovakia, where unemployment has risen by 4 percent, reaching 13.7 percent. In the developed world the highest level of unemployment is still Spain – in january it was incredibly high and stood at 18.8 percent. It turns out that non-European countries of this organization – the majority of OECD countries are the countries of Europe – control better unemployment. In America, the unemployment rate is still relatively high and is 9.7 percent.

According to OECD data, the unemployment rate in Japan increased by only 0.7 point to 4.9 percent. This is a continuation of trends that started the credit crisis in 2008, according to the International Labour Organization, it has been the biggest jump in unemployment since the year 2009 – by region – were recorded in the European Union and developed economies, where the overall unemployment rate rose by 2.3 points rates.

Although the trend was halted in America and Japan, in Europe prospects look bad. Despite of that, as mentioned by the European Commission, the mood in the EU have improved over the past 10 months. “The EU economy is facing the opposite winds, and the outlook for the labour market will remain negative in 2010” – Commission said in a recent monthly report on the situation in the EU labor market.

In developed Europe, the recession hit most countries that are behind the growth and collapse of rapidly growing construction industry and gliding up the property prices. Ireland, once known as the Celtic Tiger, is now one of the highest levels of unemployment in Europe, because thousands of construction workers who were mostly employed on fixed-term, have lost their jobs and had to seek employment in other industries. For comparison, the Germans managed to keep unemployment low, as companies, many of which are based on engineering and advanced technologies, employ highly skilled workers are hard to replace. So rather than dismiss their staff, the German company’s shortened operating time, because the government has short-term program of wage subsidies for people who shortened working time. In Germany last year had the lowest increase in unemployment – by 0.3 points. The same was in Norway and Australia.

Denmark, Turkey, Iceland and Spain are among the richest countries, which last year recorded the highest increases in unemployment. Spain and Iceland have been harmed by the collapse of the construction market and financial. This problem may grow. Developing countries, like China and Brazil, as well as traditional power – Switzerland and Japan – emerge from recession at a rapid pace, while some of Europe’s largest economies are struggling to restore equilibrium in labor markets.

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4 thoughts on “In which country is the hardest to find a job?

  1. It always takes a long time to recover after economic crisis. Different countries experience different effect of the crisis.

    Here I would like to give two exaples of how rich and poor countries try to fight with the economic crisis.

    Rich countries, for example Australia, are in less trouble, as long as it has its own strong economy and is practically independent from the rest of the worlds market.In 2008 when many people lost their jobs, Australian government decided to support people who have been working in the period of 2007-2008 by giving them the extra tax back.

    Another example is what is done in poor countries, such as Estonia. Estonia does not have a strong economy, has a small export market and depends of the worlds market: on the contrary of what the Australian government did, Estonian government raised VAT and excise taxes, at the same time when employers froze the wages and took away some of the grants and benefits.

    Reply
  2. I strongly agree to the first comment, that the crisis affects the different countries in a different way depending on their situation.
    For instance in Bulgaria, the government implement some new regulations in order to exit the crisis as soon as possible. Examples for these new regulations are: creating a special tax for the rich people in the country as well as doubling the tax for luxurious real estates.

    Reply
  3. [22:44:17] Viktoria: Although the financial crisis affects the unemployment rate in a strong way, many countries still try to support the unemployed people. In France for example, the unemployment insurance is similar to German regulations. Between four to 60 months, 60% of the last wage is paid. In order to increase the appeal for jobs, the payment is decreased every four months by 15 percent, until a minimum level of 480 Euros. Long-term unemployed people receive an unlimited unemployment aid of approx. 400 Euro a month. Sweden on the other hand supports its unemployed workers 60. months. The amount paid depends on the previous wage and adds up to 125 to 305 Euros per week. There are many more examples, which again show that each country reacts and acts differently towards unemployment.
    All in all, unemployment benefits are only paid half a year in most countries, which means that people have to keep an eye out for a job.

    Reply
  4. Although the financial crisis affects the unemployment rate in a strong way, many countries still try to support the unemployed people. In France for example, the unemployment insurance is similar to German regulations. Between four to 60 months, 60% of the last wage is paid. In order to increase the appeal for jobs, the payment is decreased every four months by 15 percent, until a minimum level of 480 Euros. Long-term unemployed people receive an unlimited unemployment aid of approx. 400 Euro a month. Sweden on the other hand supports its unemployed workers 60. months. The amount paid depends on the previous wage and adds up to 125 to 305 Euros per week. There are many more examples, which again show that each country reacts and acts differently towards unemployment.
    All in all, unemployment benefits are only paid half a year in most countries, which means that people have to keep an eye out for a job.

    Reply

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