MarketLine Blog

Posts tagged to unemployment

Youth unemployment in Germany: Low rates disguise true picture of growing Hartz-IV dependency

MarketLine

Compared to many neighboring European countries, of both similar and lesser levels of economic development, Germany’s youth unemployment rate is healthy. It is the lowest of any country in Europe except Iceland and is way below both the Euro Area and EU average. Whereas many European countries encourage their people to pursue academic studies at university to further themselves, Germany has long had a policy of creating and offering vocational training places for those who either do not want to attend or who are not suited to university and this… Read more

Hit hard by austerity measures

MarketLine

The rate of unemployment is closely watched by the government as an important measure of success or failure of economic policies. According to the Office of National Statistics (ONS), unemployment in the United Kingdom declined from a peak of 2.65m in December 2011 to 1.84m in February 2015. Close to 800,000 workers found a job between December 2011 and February 2015. Additionally, according to BBC news, ONS also claims that “the employment rate now stands at 73.3%, the highest rate of people in work since the ONS began keeping records… Read more