Quantcast
Connect with us

European unemployment has risen two-thirds since 2010: Report

Published

on

Unemployment has risen in two-thirds of European countries since 2010 as austerity hit growth and jobs, the International Labour Organisation has said.

In its annual world of work report, the Geneva-based ILO warned that the weaknesses in the labour market were becoming ingrained, with high levels of long-term and youth unemployment.

The study found there were still 50 million fewer jobs in the global economy than before the recession began in 2008 and it was unlikely that growth would be strong enough in the next two years to find jobs for an extra 80 million people looking for work.

ADVERTISEMENT

Raymond Torres, director of the International Institute for Labour Studies and author of the report, said: “This is not a normal employment slowdown. Four years into the global crisis, labour market imbalances are becoming more structural, and therefore more difficult to eradicate. Certain groups, such as the long-term unemployed, are at risk of exclusion from the labour market. This means they would be unable to obtain new employment even if there were a strong recovery.”

The ILO said the global employment rate in 2011 stood at 60.3% – 0.9 percentage points lower than before the synchronised global downturn began four years ago. It added that youth unemployment had risen in 80% of advanced economies and in two-thirds of emerging market economies. Long-term unemployment was also on the rise, with one third of the jobless in the west out of work for more than a year.

Even in countries where employment growth was on the rise, the ILO said jobs tended to be on a short-term basis, with increases in involuntary part-time employment and part-time temporary employment.

Torres said: “The trends are especially worrying in Europe, where the unemployment rate has increased in nearly two-thirds of these countries since 2010; but labour market recovery has also stalled in other advanced economies, such as Japan and the United States. Elsewhere, employment gains have weakened in terms of the needs of a growing, better educated working-age population, as in China. And jobs deficits remain acute in much of the Arab region and Africa.”

He added that many countries in southern Europe were caught in an “austerity trap” in which budget cuts led to higher unemployment and lower growth, resulting in an even worse fiscal position.

ADVERTISEMENT

© Guardian News and Media 2012

[Photo of Occupy Frankfurt movement via Patrick Poendl / Shutterstock.com]


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Trump-loving mayor faces furious backlash after shrugging off George Floyd killing: ‘That man died of overdose or heart attack’

Published

on

In a post to Twitter this Tuesday, the mayor of a Mississippi town asked: "Why in the world would anyone choose to become a police officer in our society today?"

The tweet from Mayor Hal Marx, which was in reference to the death of George Floyd, prompted another Twitter user to respond: "Would be nice to get a few in there that understand reasonable force, when it’s needed, and don’t give the rest of them a bad reputation."

But as the Hattiesburg American points out, it was Marx's response that set Twitter on fire.

Continue Reading

COVID-19

After silence, Trump marks 100,000 virus deaths in US

Published

on

President Donald Trump on Thursday marked the "sad milestone" of 100,000 coronavirus deaths in the United States, after his earlier silence prompted criticism that he was failing in his duty to console victims and their loved ones.

"We have just reached a very sad milestone with the coronavirus pandemic deaths reaching 100,000," Trump posted on Twitter, about 16 hours after the death toll passed the threshold according to a Johns Hopkins University tracker.

"To all of the families & friends of those who have passed, I want to extend my heartfelt sympathy & love for everything that these great people stood for & represent. God be with you!"

Continue Reading
 

Breaking Banner

Trump rages at Twitter — but the social media outlet fears public opinion more than it fears the president

Published

on

In a landmark action, Twitter has for the first time attached independent fact-checking information directly to two tweets from President Donald Trump. The president’s tweets make false claims alleging that wider use of mail in ballots will result in an increase in voter fraud.

This is far from the first time Trump has posted falsehoods on Twitter. But it is the first time the social media company has taken action against his account.

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image