EC report: Employment in the EU keeps improving

EC report: Employment in the EU keeps improving
"Growth is back in Europe", was the message by Marianne Thyssen, Commissioner for Employment, Social Affairs, Skills and Labour Mobility. Greece presents improved numbers in employment but... there is still a lot to be done and room for further betterment.

The European Commission's report (quarterly review) on European employment rates was published on Monday evening and shows a hopeful increase in most block states.

Results proved that, undoubtedly, "Labour productivity in the EU improved by 0.8% compared to the third quarter of 2016. Romania, with 3% or more year-on-year presented one of the strongest increases.

The least promising increase - Greece

"In the third quarter of 2017, there was about 25 pps difference between the highest employment rate." With about 82%, Sweden got the top position among the Union member countries while the lowest employment rate, 58%, was recorded in Greece.

 

Positive signs of recovery are visible in most Member States but rates in Greece (8.1%) and Cyprus (4.9%) are significantly below. Statistics concern the third quarter of 2017, compared with 2008.

In Greece, a 73.4% of unemployed people were long-term unemployed (more than 12 months) in the third quarter of 2017, ANA-MPA reads. In the same quarter, Greece recorded the highest long-term unemployment rate in the EU (15.3%), while also holding the sad record of the highest rate in 'very long unemployment' (more than 24 months) with 11.0%.

EC's report said that Greece was the only EU country not to show a stable improvement trend in household income, while gross available household income remained below its 2008 level in several countries among them Greece and Croatia.

In the third quarter of 2017 -compared with the same period in 2016- labour productivity fell 0.8pps in Greece.

20-64 year-olds

In the year to the third quarter of 2017, the employment rate for 20-64 year-olds increased everywhere, except in Denmark (...) with the largest annual increases recorded in Bulgaria (4.3 pps) and Slovenia (3.6 pps).../IBNA

Photo: Marianne Thyssen / EPP/Flickr

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