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Study Finds Substantial Skills Mismatch In Europe

Study Finds Substantial Skills Mismatch In Europe

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

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U.S., Japan and Germany Unemployment Continues To Improve

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), […]

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The Conference Board Leading Economic Index For Euro Area Declines

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The Conference Board Leading Economic Index For Euro Area Declines

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% […]

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European Economic Highlights: Will Unemployment Reach Another New High?

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European Economic Highlights: Will Unemployment Reach Another New High?

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 […]

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Economic Crisis Shockwaves Reverberate In European Public Sector

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Economic Crisis Shockwaves Reverberate In European Public Sector

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 […]

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Financial Co-Operatives: Safe Bet In A Banking Crisis

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Financial Co-Operatives: Safe Bet In A Banking Crisis

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 […]

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Oslo Declaration: Confidence In European Jobs And Growth Can Be Restored, ILO Says

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Oslo Declaration: Confidence In European Jobs And Growth Can Be Restored, ILO Says

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 […]

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ILO Meeting: Employment Crisis Tests Europe’s Social Model

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ILO Meeting: Employment Crisis Tests Europe’s Social Model

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 […]

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Unemployment Crisis In Europe, Ten Million More Jobless Than In 2008

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Unemployment Crisis In Europe, Ten Million More Jobless Than In 2008

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 […]

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ILO Calls For Shift To Job-Centered Crisis Response In Europe

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ILO Calls For Shift To Job-Centered Crisis Response In Europe

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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