There are serious differences in the European labour market between the different countries and especially the youth unemployment is very unequal. Germany gives notice that at the beginning of the year 2012 the youth unemployment is one of the least in Europe. In comparison to Spain it is conspicuous, because in Spain 50 % of all teenagers are unemployed.
At the beginning of the year 2012 the German Federal Labour Market Authority possesses with 3.082 million also the lowest January – rate of unemployment since 21 years.
The positive development also appears by reflecting the under-employment, which among the registered unemployed people also comprehends the humans who attend on labour market policy measures. The under-employment falls off to 4.11 million. This shows a loss of 489,000 people. A possible reason for this is the decreasing rate of the poor workers in Germany.
Compared to the European neighbors, the German labour market appears brilliantly. The rate is according to Eurostat, the fourth lowest in the euro-zone. Just the Netherlands, Austria and Luxembourg perform better.