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.