Unemployment

Description:

One of the major concerns of European society is regarding the labour market. This issue is essential to maintain social and economic stability within countries and among EU members. High unemployment levels can be the start point of conflicts among countries. The European Commission has to make an effort to keep unemployment rates as low as possible in order to promote stability.

The latest estimates for 2007 show that the unemployment rate in the EU-27 was 7.2%, 1 percentage point less than in 2006. More than 80% of the NUTS 2 regions have reduced their unemployment rates. Regions with the highest unemployment rates in 2006 achieved the biggest reductions in unemployment in 2007, continuing the positive trend in regional labour market cohesion over the last five years. Nevertheless, unemployment figures still vary significantly across the regions in the EU-27.

Enablers:

• Economic Crisis
• Political Instability
• Cost for Enterprises
• Strict legislation among EU countries
• War

Inhibitors:

-Economic growth -Government must attract companies and encourage employment -Government must encourage start new business / small business -Improve education level

Paradigms:

-Globalization vs regionalization