|Author (Corporate)||European Commission: DG Employment and Social Affairs|
The European Commission published on 17 July 2017 the annual edition of its Employment and Social Developments in Europe (ESDE) review.
This edition confirms positive labour market and social trends and continued economic growth. Data shows that employment had never been as high in the European Union and unemployment was at its lowest level since December 2008. Over 234 million people had a job, according to this report.
The report also shows that despite steady improvements in living standards in the EU, young people did not equally benefit from this positive evolution compared to the older generations. In addition, the working age population is expected to decline by 0.3% every year until 2060. This means that a smaller work force will need to ensure we keep on the current growth path. It also means that at the same time, a smaller number of contributors will pay into pension systems.
|Subject Categories||Employment and Social Affairs|
|Countries / Regions||Europe|