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Europe – Unemployment rises in “Cinderella” labour market

01 February 2013

Unemployment in the 27 EU countries continued to rise December to 10.7%, a year-on-year increase of 0.7%. This is according to the latest data by Eurostat which showed the jobless rate in the Euro countries, including troubled economies in Southern Europe, edged up to 11.7% from 10.0% a year ago.

Over 25.9 million people were out of work in December. Again the lowest unemployment figures were found in countries with brighter economic outlooks, including Austria (4.3%), Germany (5.3%), Luxembourg (5.3%) and the Netherlands (5.8%).

The job market worsened in Spain (26.1%) which has one of the highest jobless rate in Europe, followed by Greece.

The news comes after European employment commissioner László Andor yesterday addressed stakeholders at the European Trade Union Institute conference in Brussels. He said that Europe needed to boost demand for labour and strengthen mobility in order to aid the sluggish job markets in the region.

Mr Andor said that labour reforms are an integral part to improve conditions. “Large parts of the workforce are stuck in the role of a Cinderella, having to find their way through very difficult situations, and without a clear hope for better future. They do not have real opportunity to improve their situation and contribute to economic recovery,” he said. 


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