Tagged unemployment

On 27 May the European Commission presented its draft budget of €143.5 billion for 2016. The proposal, which requires approval from the EU Parliament and EU member states, focuses on creating jobs and growth, boosting innovation, dealing with the migration crisis, and further strengthening the EU’s role in the world. Spending hawks in Brussels and across the EU seemed pleased with the fact that the budget remains at the same level as for the current year. Kristalina Georgieva, Commission Vice-President for Budget and Human Resources, submitted the draft for approval. The Commission adopted the proposal as the first step in a procedure

The European Commission published a report on employment and social developments in Europe, on 15 January, where it is noted that more than nine million more are unemployed compared with 2008. The unemployment rate in the 28 EU member states reached 10.0% in November 2014, down from 10.7% in November 2013. Youth unemployment reached 21.9% in the EU and 23.7% in the euro area, compared with 23.2% and 23.9% respectively in November 2013. Unemployed young people under 25 are now 5.1 million in the EU, compared with 3.4 million in the Eurozone.

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