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20/12/2010

EU employment situation and social outlook – Monthly Monitor – December 2010

The labour market in the EU remained stable in October, with signs of recovery in some Member States. The decline in employment in the EU as a whole stopped, with employment unchanged in the third quarter, following a small increase in the secondquarter, while the unemployment rate in the EU has broadly stabilised. Nevertheless,underlying unemployment in the EU increased slightly in October due to a newrise in both male and female unemployment. In contrast, despite a recent increase in unemployment among young women, the labour market for young people in the EU has been generally improving since Autumn 2009. In spite of a faster than envisaged economic recovery, the outlook is still one of a rather jobless recovery and - potentially persistent - high unemployment ahead. Moreover, the need to consolidate the fiscal stance may have some important feedback effects on employment policies and employment in the short term, depending on the fiscal instrument used and the composition of the adjustment.

author(s): European Commission
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