The EU launched a report with the latest results on employment and social situation in the region, bringing hope to the youth and all workers
Good news for workers, young and old within the EU. The European Commission has just reported that employment continues to grow at a consistent pace in almost all Member States, with an overall increase of 1,5%. More particularly, the Quarterly Review of Employment and Social Developments in Europe highlights the improved situation for the younger generation as for the first time, the Youth Unemployment Rate reached a pre-2008 crisis level. Despite being still very high, 16,9%, the rate decreased steadily and faster that overall unemployment, which reached 7,6% in the EU and 9,1% in the euro zone.
Marianne Thyssen, Commissioner for Employment, Social Affairs, Skills and Labour Mobility, commented: “The results are encouraging. More people than ever before in Europe have a job and unemployment has reached a nine-year low. And we see 2.2 million more employees with permanent contracts compared to last year. We need to continue on this path and improve the economic and social conditions for all. With the European Pillar of Social Rights, we have our roadmap towards well-functioning and fair labour markets that are fit for purpose in the 21st century. We would like to see it proclaimed together by Parliament, Council and Commission at the Social Summit in Gothenburg on 17 November 2017.”
The income of households has also shown improvement with a greater income coming from work, while the increase in social benefits came to a halt.
On 26 April 2017, the European Commission presented the European Pillar of Social Rights, which sets out 20 key principles and rights to support fair and well-functioning labour markets and welfare systems. By this time, the Commission presented a legislative proposal to improve work-life balance of working parents and carers, and launched social partner consultations to modernise the rules on labour contracts and on access to social protection.
“If we want to avoid social fragmentation and social dumping in Europe, then Member States should agree on the European Pillar of Social Rights as soon as possible and at the latest at the Gothenburg summit in November.”, said Jean-Claude Juncker, EU Commission President.