The EU unemployment rate has stagnated, the number of people out of work falls

The unemployment rate in euro area remained in November 2010 to 10.1 percent. The number of people without work fell of the 39.000th.

Throughout the European Union,unemployment remained at 9.6 percent and the number of unemployed fell by the 35.000th. In November it was in the entire European 27 23.25 million without work people,which is about 606,000 more annually. EU unemployment is troubling especiallypeople younger than 25, which is 21 percent. Without work, so every fifth youngperson.

In many countries, but the situation is even far worse. Spain is without a job nearly 44percent of people younger than 25 years and economists is not excluded that it will soon be every second. The country is still faced with problems and still be receivedfrom the economic recession. The second highest number of unemployed amongyoung Slovaks have, where the unemployment rate in this case amounts to 36.6percent. In the Czech Republic this indicator reaches 18.8 percent. The lowest overall unemployment rate may enjoy Dutch (4.4 percent), Luxemburgers(4.8 percent) and Austrians (5.1 percent).

Farthe most people jobless in Spain,where unemployment reached 20.6 percent.
With very high unemployment facing andLithuania (18.3 percent) and Latvia (18.2 percent).

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3 thoughts on “The EU unemployment rate has stagnated, the number of people out of work falls

  1. Unemployment has indeed been the biggest factor in the economic recession. However the idea of the green jobs is trying to overturn the high numbers of unemployment throughout Europe and other northern continents. The high percentage of unemployment is scary. They increase in unemployment leads to business liquidation and failures of businesses because people are unable to afford luxuries because they are out of employment, their partner is out of employment or they are both out of employment.
    Unemployment also helps deepen a country into recession. The unemployed receive benefits from the Government, trying to pay the large number of unemployed would be a big hit to a Governments finances. Other areas would have to endure the cut to pay for the unemployeds benefits.

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  2. The overall unemployment rate in the EU was the worst monthly figure for ten years and will obviously continue to put a dampener on consumer demand, which will hold back economic growth.

    But, what is of greater concern is the continued level of youth unemployment amongst the under-25s. And, while the Netherlands only has 6.6% unemployment in this category, Spain has an almost unbelievable 38.4% of young people out of work.

    In the UK we highlight the unemployment rate amongst the 18-24 years age group. Here, in the three months to the end of June, there were 722,000 young people out of work. The government has responded to this by launching a “Backing Young Britain” campaign which pledges 85,000 opportunities for young people.

    Reply
  3. The high unemployment rate throughout the European Union (EU) is considered as being difficult to solve, limit and ultimately deal with, as new jobs need to be created on a long-term perspective. The active intervention of the government is crucial on local and national level. Regions show diverse states of developments and often strongly depend on resources and industries located in the country, which creates jobs of course. The EU enlargement, in my point of view, is opening up a wide range of new working opportunities towards European citizens as job opportunities arise with the geographical expansion. Even for young work seekers the migration towards the new countries is a great option as it is to assume that settling down would not be the main priority at that stage. However, the willingness and flexibility of people of the new working generation is crucial in order to be successful on the labour market no matter where the placement will take place. The main problem, especially among the younger generation, is not the lack of opportunities available but the slow change in people’s mindset to adapt to social and global changes distinguished by a change and flexibility.

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