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Divergence continues to increase across Member States, translating into persistently growing labour market and social challenges, marked by ever higher unemployment at EU level, according to the March edition of the EU Employment and Social Situation Quarterly Review. The situation of many households, and of young people in particular, has clearly deteriorated.
Labour markets across the European Union are characterised by varied regulatory frameworks, but most Member States face the challenges of shortages of workers with relevant qualifications or interested to take up certain occupations. In promoting the region’s global competitiveness and fostering economic recovery in the long term, linking migration policy to labour market needs is crucial.
Against the backdrop of persistent difficulties on the labour markets, marked by ever higher unemployment at EU level, and rising divergence across Member States, the number of people at risk of poverty or social exclusion in the EU now accounts for nearly one-fourth of the EU population.
After five years of economic crisis and the return of a recession in 2012, unemployment is hitting new peaks not seen for almost twenty years, household incomes have declined and the risk of poverty or exclusion is on the rise, especially in Member States in Southern and Eastern Europe, according to the 2012 edition of the Employment and Social Developments in Europe Review.
Unemployment climbed to a record high in the EU in October, the latest monthly labour market analysis of the European Commission says.
Contrasting with a slower growth over the summer, the number of unemployed people in the EU rose sharply again in September, hitting a new high of 25.75 million, the latest monthly labour market analysis of the European Commission says. Since March 2011, it has risen for 18 months in a row, up by 3.1 million.
The latest monthly labour market analysis of the European Commission confirms that the number of unemployed people in the EU continued to rise in August, for the 17th month in a row, to a new high of 25.47 million, accounting for 10.5 % of the EU's labour force.
According to the latest EU Employment and Social Situation Quarterly Review, the employment and social situation in the EU remained very serious in the second quarter of 2012, while divergence remains persistent between Member States.
This month's Labour Market Fact Sheet shows a continuous growth in unemployment over the last 16 months to July 2012, with 2.6 million additional unemployed (up by 11.6 % or 1 percentage point).
This month's Labour Market Factsheet shows that unemployment is expected to worsen further in the coming months.