A quick 'eurocentric' look at the new ILO world employment report: "Reflecting the weak economic conditions in Europe, unemployment rates fell gradually throughout 2014. However, young Europeans continued to be confronted with exceptionally high unemployment rates. In the EU-28, adults faced an unemployment rate of 9 per cent in the second quarter of 2014, whereas young people faced a jobless rate of 22 per cent (see figure 2.2).
This translates into a ratio of youth-to-adult unemployment rates close to 2.5 for EU-28. The ratio was close to 4 or even higher in a number of countries, notably the United Kingdom (3.5), Italy (3.9) and Romania (4.4). Conversely, some countries recorded a youth-to-adult unemployment rates ratio slightly lower than 2, such as Austria, Germany and the Netherlands. At the same time, adult unemployment rates also showed large inter-country differences. For instance, in the second quarter of 2014, adult unemployment rates were lower than 5 per cent in Austria, the United Kingdom and Germany, compared with around 25 per cent in Greece and Spain. In the same period, differences in youth unemployment rates were even larger, ranging from around 8 per cent in Austria and Germany to over 40 per cent in Italy and 52 per cent in Greece and Spain." (p. 35) ILO: World Employment and Social Outlook. Trends 2015. Geneva 2015: International Labour Office. The World Employment and Social Outlook: Trends 2015 includes a forecast of worsening global unemployment levels and explains the factors behind it, such as continuing inequality and falling wage shares. The report looks at the drivers of the rising middle class in the developing world as well as the risk of social unrest, especially in areas of elevated youth unemployment. It also addresses structural factors shaping the world of work, including an aging population and shifts in the skills sought by employers. Summaries: http://www.ilo.org/global/research/global-reports/weso/2015/WCMS_337070/lang--en/index.htm Full report: http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/---publ/documents/publication/wcms_337069.pdf _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
