Statistics Explained

Archive:Labour market statistics introduced

Revision as of 12:34, 2 December 2010 by EXT-A-Redpath (talk | contribs)

Labour market statistics are at the heart of many European Union (EU) policies following the introduction of an employment chapter into the Amsterdam Treaty in 1997. The European employment strategy (EES) was launched at the Luxembourg jobs summit in November 1997 and was revamped in 2005 to align employment policies more closely with the revised Lisbon objectives. In July 2008, the Council decided upon updated employment policy guidelines for the period 2008 to 2010. These guidelines were part of an integrated approach based on three pillars: macro-economic policies, micro-economic reforms and employment policies.

The financial and economic crisis has however reversed much of the progress achieved in Europe since 2000. The Europe 2020 strategy for smart, sustainable and inclusive growth put forward by the European Commission is the EU’s growth strategy for the coming decade. As part of the flagship initiatives, 'An agenda for new skills and jobs' and 'Youth on the move', (youth) unemployment rates will be targeted through a range of policies, including proposals aimed at education and training institutions, or measures for the creation of a (work) environment conducive to higher activity rates and higher labour productivity. There are also initiatives aimed at improving the entry rate of young people into the labour market. To measure progress in meeting the Europe 2020 goals, five headline targets to be met by 2020 have been agreed; these are to be translated into national targets in each EU Member State, reflecting different situations and circumstances. One of these targets is that 75 % of 20 to 64 year-olds should be employed in the EU by 2020. The integrated economic and employment guidelines were also revised as part of the Europe 2020 strategy. Guideline 7 concerns increasing labour market participation and reducing structural unemployment. Furthermore, guideline 8 concerns developing a skilled workforce responding to labour market needs, promoting, job quality and lifelong learning.

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