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29/03/2012

EU Employment and Social Situation. Quarterly review. March 2012


According to the new EU Employment and Social Situation Quarterly Review, after a moderate recovery during 2010 and early 2011, the European labour market contracted again in the second half of 2011. Reflecting the modest contraction in the economy in the fourth quarter of 2011, all large Member States, including Germany, are now facing deteriorating labour market prospects, while productivity growth is adversely impacted across the EU. However, the growth in permanent contracts has remained positive, whereas temporary employment lost momentum. Since spring 2011 some 1.6 million Europeans have joined the ranks of the unemployed, with the unemployment rate hitting a new high at 10.1 % in January 2012. The unemployment rebound has again hit men hardest, while the youth unemployment rate reached a historic high at 22.4 % in the EU in January 2012. The deterioration is also mirrored by the increase in the share of young people neither in employment nor in education or training (NEETs). On the other hand, the analysis of the joint movement of unemployment rates and labour shortage indicators (Beveridge curve) shows a tendency towards a higher level of vacancies for a given unemployment rate in the EU. 
This edition of the Quarterly Review analyses the situation in the agricultural sectorand takes a closer look at the labour markets and social situation in Denmark, Finland, France, Greece, Italy, Latvia and Romania.

author(s): European Commission
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