Monthly Archives: April 2018

Unemployment in Europe

Unemployment in the countries of Europe varies greatly depending on the country but on average Europe’s unemployment rate is about eight percent. Over the past couple of years southern Europe has seen the most improvement in reducing the employment rate. For example Portugal has the lowest employment rate in thirteen years which is a huge achievement for the country defiantly something to be proud of. On the other end of the spectrum there is Greece which has the highest unemployment in all of Europe with twenty percent of Greece being unemployed. Naturally for all countries unemployment is a problem which is why some countries are putting more effort into programs that allow people to get education, and training for jobs as an attempt to reduce the rate of unemployment in Europe.

What the Unemployment Rate Doesn’t Measure?

But there is another problem with unemployment measures for Europe it just takes into consideration those that are currently out of work completely not those that are severely underemployed, and in those situations that individual is often just as reliant on the government as an unemployed individual. The economy has seen growth, people are getting more jobs so the unemployment rate is going down which is a huge reason to be pleased while focusing on who are still unemployed. Everyone needs a job to support their family, and themselves but everyone needs a job(s) that will allow them to be self- sufficient. The new economy is one where most work is part time meaning one job isn’t going to be enough for most people.

Costs of Living

The cost of living in on the rise making it even harder to live on a meager income to begin with; but for those that get motivated to find the right part time jobs they may end up better off despite there being no benefit packages, often no paid vacation, and luxuries the older generations took for granted as it was normal during their time. So while the unemployed need to be trained, and need to find work the severely underemployed need that same opportunity as they are not self- sufficient which is the entire point of a job. This is where the unemployment statistics fail because it’s not a measure of poverty just of those that are out of all types of work.