It aims to contribute to the European Semester and new policy initiativessuch as the New Skills Agenda, the European Agenda for the Collaborative Economy, the New Start for Social Dialogue, the Action Plan on the Integration of Third-Country Nationals and the development of a European Pillar of Social Rights. This year’s edition contains in-depth analysis of:
1. Convergence and divergence in the E(M)U and the role of employment
and social policies;
2. Employment dynamics and their social implications, and notably how
jobs and wages can tackle poverty and inequality;
3. The labour market integration of refugees;
4. The labour market implications of ICT development and digitalisation;
5. Capacity building for social dialogue.
MAIN EMPLOYMENT AND SOCIAL DEVELOPMENTS
The EU economy is now in its fourth year of ongoing recovery since the recent double dip recession (2009 and 2012). EU GDP has regained and surpassed its pre-crisis peak and continues to grow, albeit at a modest pace. Investment in the EU has continued to increase but remains weak and far below the 2008 levels in most Member States. Access to finance remains a major concern for businesses, especially small businesses. Employment and Social Development in Europe 2016
The economic growth observed since 2013 has been accompanied by gradual improvements in labour markets and in the social situation in the EU. Employment has continued to increase and reached 232.1 million men and women in the second quarter of 2016, the highest level ever recorded. The EU employment rate (for people aged 20 to 64 years) reached 71.1% in the second quarter of 2016, which is above its 2008 value. If this trend continues, the EU could still reach its employment rate target of 75% in 2020. However, the employment rate varies significantly across Member States from 81.5% in Sweden to 56.6% in Greece. Also, the Euro area employment rate is still below the 2008 levels.
The steady but slow reduction in unemployment that started in 2013 continued in 2015 and in the first half of 2016. Nevertheless, about 20.1 million people in the EU in the third quarter of 2016 were still without work, including almost 4.2 million young people. Nearly half of all unemployed people have been out of work for more than a year.
Unemployment remains higher than in 2008 for many Member States and for the EU (8.6%) and Euro area (10.0%) as a whole. Unemployment rates vary significantly across the EU, from 4.0 % in the Czech Republic, 4.1% in Germany and 4.8% in Malta and the UK, to a high of 23.4 % in Greece.
While important reductions have been observed in countries with high unemployment rates, huge differences in long-term unemployment persist: from less than 2% of the active population in Sweden to 18% in Greece.
The employment rate of women in the EU in 2015 is still significantly below that of men, but the gap had been closing since 2008. Young people are also at a disadvantage in the labour market, with an unemployment rate above 20% in the EU.
Should you want to get the complete review go to the following link: http://ec.europa.eu/social/main.jsp?catId=738&langId=en&pubId=7952&type=2&furtherPubs=no
Source: European Comission