Wall Street Journal
September 28, 2012
Life and work in the European Union is coming to mean increasingly different things to its 500 million citizens, depending on where they live, with divergence in unemployment rates, child poverty, hours worked and household disposal income widening.
In its quarterly review of employment and social conditions, a deeper overview of various previously released indicators published today, the European Commission found that already-evident social divergences within the EU have continued to widen.
A prime example is unemployment: The report says that the gap between the country reporting the lowest rate–Austria, at 4.5%– and that reporting the highest rate–Spain at 25.1%– is at an all-time high of 20.6 percentage points.
Just three member states are now reporting youth-unemployment rates below 10%: Germany, Austria and the Netherlands. More than 30% of Slovakian, Portuguese, Italian and Irish youths are out of work. But for young Spaniards and Greeks, prospects are even worse, with more than half of them jobless in each country.
A mere three member states are now reporting youth-unemployment rates below 10% — Germany, Austria and the Netherlands. More than 30% of Slovakian, Portuguese, Italian and Irish youths are out of work. But for young Spaniards and Greeks, prospects are still worse, with more than half jobless in each country. (The youth unemployment rate refers to young people who are not in education or training and are therefore part of the workforce, not to the entire population aged between 16 and 24.)
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