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GENEVA (ILO News) – Between 25% and 45% of workers in Europe are either over – or under-qualified for their job, leading to a substantial skills mismatch between supply and demand in the labor market, a new International Labour Organization study says. Covering 24 European countries, the study shows mismatches between workers’ competences and what […]
U.S., Japan and Germany Unemployment Continues To Improve. But Many Euro Area Economies Still Struggling In February, unemployment fell in Japan, Germany and Sweden, according to unemployment rates and employment growth data compiled and standardized by The Conference Board International Labor Comparisons (ILC) program. Unemployment experienced the largest increase in the Netherlands (from 7.1 to 7.3 percent), […]
Continue reading …Euro Area economy remains very weak and recovery in the coming months continues to be unlikely, according to The Conference Board Leading Economic Index for the Euro area. The Conference Board Leading Economic Index (LEI) for the Euro Area decreased 0.4% in March and now stands at 105.8 (2004=100), after increasing 0.1% in February and increasing 1.4% […]
Continue reading …From The Conference Board– Will the Euro Area unemployment rate rise to another record high? One of the more important factors that are hindering the recovery in the Euro Area is the lack of available of capital for lending. Labor markets would benefit from higher investment levels, as unemployment is still at record highs in Europe […]
Continue reading …Although there have been diverse responses to the economic crisis in Europe, the immediate pressure to make savings and reduce public spending have led most governments to make cuts to expenditure, jobs and wages – often hastily. The wages of public sector employees have been cut in a variety of ways: Several countries have implemented […]
Continue reading …ILO News– Financial co-operatives out-performed traditional investor-owned banks during the global financial crisis on almost every rating level, according to a new International Labour Organization study. The study, titled Resilience in a downturn: The power of financial co-operatives, says customer-owned banks were much more stable and more efficient than the big traditional banks. “Financial co-operative” is […]
Continue reading …Guy Ryder, ILO Director-General OSLO – In a move to restore confidence in jobs and growth in Europe, the 9th European Regional Meeting of the International Labour Organization (ILO) adopted the Oslo Declaration. The Declaration which strengthens the role of the ILO in Europe and Central Asia is set to help countries affected by the crisis to overcome […]
Continue reading …ILO News, OSLO – The 9th European Regional Meeting of the International Labour Organization (ILO) opened in Oslo with an urgent call for effective employment and social policies that can achieve growth and competitiveness with good jobs. “The crisis in Europe is dramatic. A financial crisis has turned into a jobs crisis,” said. “In some countries there […]
Continue reading …ILO News– There are more than 10 million more jobless people in Europe now than at the start of the financial crisis, according to a snapshot of the European labor market released by the International Labour Organization (ILO). “While fiscal and competitiveness goals are important, it is crucial not to tackle them through austerity measures […]
Continue reading …ILO News– The International Labour Organization (ILO) has called for an urgent shift to a job-centred strategy to tackle the deepening unemployment crisis that has left more than 26 million Europeans without a job. While fiscal and competitiveness goals are important, it is crucial not to tackle them through austerity measures and structural reforms that […]
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