The number of unemployed people in the European Union (EU) reached 22.7 million in 2014. Some of the unemployed lost their jobs due to economic crisis, some due to a lack of qualification. It is possible that increases in productivity brought about by the introduction of automated processes and robotics have paradoxically contributed to such economic and social problems in the short-term period.
Scope
- This case study looks at the current and future situation in the employment market in Europe Union area.
- This case study touches the issue of the ongoing automation process across industries and looks at the possibility of technological unemployment.
Reasons to buy
What does the situation in the employment market look like in Europe, five years after the financial crisis?
What are the reasons for the high unemployment rates in Europe?
Companies mentioned
None
None
Table of Contents
OVERVIEW
Catalyst
Summary
UNEMPLOYMENT IN EUROPE HAS RISEN
The unemployment rate stands at 10.2% across the EU in 2014
The short-term level of unemployment ...
OVERVIEW
Catalyst
Summary
UNEMPLOYMENT IN EUROPE HAS RISEN
The unemployment rate stands at 10.2% across the EU in 2014
The short-term level of unemployment in Europe is slowly falling
Unemployment rates differ among EU member states
German unemployment rate lowest in more than two decades
Polish unemployment is lower than the European average
Austria has the healthiest labor market
Unemployment in Spain has fallen below 25% in 2014
YOUTH UNEMPLOYMENT REMAINS AN ISSUE
The long-term percentage of NEET young people remains high
Youth unemployment has wider repercussions for society as a whole
Education, social welfare and taxation impact unemployment
Past experiences in the UK and the Netherlands show how unemployment can be reduced
AUTOMATION AND ROBOTICS WILL CAUSE UNEMPLOYMENT
Automation is growing across companies in the world
Research on artificial intelligence on the rise
Unskilled and repetitive jobs will be replaced
High-skilled and creative jobs should be safe
CONCLUSIONS
Unemployment in the EU should decrease in the long term but automation remains a threat
APPENDIX
Definitions
Sources
Further Reading
About MarketLine
Disclaimer
List of Tables
NA
NA
List of Figures
NA
NA