Unemployment in Eu

In: Other Topics

Submitted By bienbrian
Words 2909
Pages 12
A report evaluating the Unemployment in EU with specific focus in the UK for the last 3-4 years. By Name

Institution of Affiliation

Introduction
The 28-member European Union is the largest single market in the world trading power. Its economic policy seeks to enhance and sustain growth among member states, through investments in the transport, research and energy sectors. The union`s policy decision making structure is headed by the European Parliament, which acts as the legislature in collaboration with the union council. The parliament and the council review all the proposals made brought forth by the union`s Commission, from which they make amendments. Before the Commission proposes new initiatives such as how to counter unemployment, it consults the interested parties such as non-governmental organizations, members of the public and the local governments. The European Union policies have had major economic benefits to the 28 members most which are attributable to economic integration. This paper assesses the challenges the EU has faced as far as unemployment is concerned and the policies that she has put in place to curb the unemployment challenge among the member states.
The United Kingdom, joined the EU in 1973 and has since then been a member of the union. The UK provides more than 100 representatives in different commission of the Union, including the European Parliament. The expenditure by the UK in the EU is slightly higher in comparison with what the UK receives in return. For instance, in 2014, the EU only spent € 6.985 billion, compared to then € 11.342 billion that the UK had contributed towards the union.
The UK economy has been well integrated due to its firm membership commitment in the EU. Among major pillars that proves economic integration of the UK include the single commodity market. The UK has also allowed free movement of factors of…...

Similar Documents

History of Eu

...Brief History of EU In 1957, the “Six” countries Belgium, France, Italy, Luxembourg, Netherlands, and West Germany signed the Treaties of Rome which establish the European Economic Community,(ECC) establishing a customs union and the European Atomic Energy Community (Euratom) for cooperation in developing nuclear energy. In 1967 the Merger Treaty created a single set of institutions for the three communities, collected referred as European Community (EC). The EC was enlarged in 1973 when Denmark, Ireland, and the United Kingdom became members. The first direct election for European Parliament took place in 1979. Greece became member in 1981, Spain and Portugal in 1986. What were the four freedoms of the EC? (main idea behind EU) Goods, services, capital, and labor and would adopt a common policy toward nonmember trading partners and on agriculture transport. What was the main objective of The Single European Act? The Single European Act was signed in Luxembourg in 1986. The main objective was to create the Single Market with European Commission by the end of 1992. What was the significant of the Treaty of Maastricht in the EU? The Treaty of Maastricht was signed in Netherland in 1991. The Treaty of Maastricht created the European Union and the single currency though out Europe. What were the assumptions of the Cecchini Report? This report is the analysis of the benefits and costs anticipated from the European economic integration. The report......

Words: 948 - Pages: 4

Unemployment

...Managing Partner at the EBRD, IE Business School and Altura Advisers. Email: scommander@alturaadvisers.com Comments should be addressed by email to the author(s). 1 Thanks to Jeni Klugman for discussion and comments and to Ginette Azcona for help with data. Abstract The paper looks at the experience of advanced economies in dealing with employment volatility. It examines in detail the impact of labour market institutions on equilibrium unemployment and the p ossible le ssons f or e merging ma rket e conomies tr ying to d esign p olicy f or d ealing w ith unemployment and a wider, growing demand for social protection from their citizens. Part of the paper concentrates on t he t ransition e conomies whose i nstitutional c ontext m ay b e r elevant t o other emerging ma rkets. S ome leading principles in policy d esign a re elaborated th at take into account s ome o f t he co mmon f eatures o f em erging m arkets, n otably a p rotected p ublic s ector, large informal sectors and weak institutions. Keywords: employment, unemployment, labour market, emerging markets, social protection JEL Classifications: H53, J21, J65, J68 The H uman D evelopment R esearch P aper ( HDRP) S eries i s a m edium f or s haring recent research c ommissioned t o i nform t he g lobal H uman D evelopment R eport, w hich i s publ ished annually, and further research in the field of human development. The HDRP Series is a quickdisseminating, informal publication whose titles could......

Words: 19075 - Pages: 77

Unemployment

...Reducing Unemployment and Underemployment in the United States Name Institutional Affiliation Reducing Unemployment and Underemployment in the United States Reducing Unemployment Unemployment and underemployment are one of the main economic concern in many countries or states in the world today. It is a biting problem in many economies and governments are always seeking a new way of solving this problem (Miller, 2011). According to the Bureau of Labor Statistics, unemployment is a situation where a person does not have a job, but have actively searched in the past four weeks (Clague, 2009). It also includes people who have been laid off for than seven days. There are many reasons why people end up being unemployed. Understanding the reasons for unemployment is essential in coming up with a solution to the high rate of unemployment in the United States. The most important causes of unemployment are structural, cyclical and seasonal unemployment (Borts, 2010). The United States has experienced approximately 11 recessions since 1948 when the postwar ended. The different government regimes have tried various methods over the years to turn around recessions and reduce the high rates of unemployment. Some government regimes have embarked on tax while others have embarked on stimulus spending. Unemployment rate in America remained high at 7.6 % in June 2013 (Clague, 2009). The Bureau of Labor Statists reports on all matters relating to unemployment in the United States. In......

Words: 1750 - Pages: 7

Unemployment

...TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory JoinSearchBrowseSaved Papers Home Page » Social Issues Unemployment Among Fresh Graduates In: Social Issues Unemployment Among Fresh Graduates Topic : Identify the effects of unemployment among the fresh graduates in Malaysia. Problem statement Unemployment has been a serious problem facing in our country especially among the fresh graduates. By some estimation, the increase of Malaysian populations within last one decade causes the increased amount of Malaysian labour force. This may results to the in unemployment that considered as damaging issue to the national economy because high unemployment may reduce the aggregate income and give the negative impact on the government. It will slow down the economic development progress of Malaysia. Other factor that affects labour market is technology, when technology rises, the labour market will drop. Thus, many people loss job because of new technology arise, completely for fresh graduates that seeking their job could not get the opportunity and will turn to increasing in unemployment. The best solution to overcome this problem can be implementing the set of mind to be more creative and innovative person rather than depending to the job that provided by government or private sectors such as create their own business as well as be an entrepreneur. Other than that, the problem can be settled by not too......

Words: 337 - Pages: 2

Unemployment

...Topic : Identify the effects of unemployment among the fresh graduates in Malaysia. Problem statement Unemployment has been a serious problem facing in our country especially among the fresh graduates. By some estimation, the increase of Malaysian populations within last one decade causes the increased amount of Malaysian labour force. This may results to the in unemployment that considered as damaging issue to the national economy because high unemployment may reduce the aggregate income and give the negative impact on the government. It will slow down the economic development progress of Malaysia. Other factor that affects labour market is technology, when technology rises, the labour market will drop. Thus, many people loss job because of new technology arise, completely for fresh graduates that seeking their job could not get the opportunity and will turn to increasing in unemployment. The best solution to overcome this problem can be implementing the set of mind to be more creative and innovative person rather than depending to the job that provided by government or private sectors such as create their own business as well as be an entrepreneur. Other than that, the problem can be settled by not too choosy in making decision to get a job, even it is not related to the qualification but must consider as started from below is much better. The purposes of this study are: 1. To investigates the effects of unemployment among fresh graduates. 2. To......

Words: 306 - Pages: 2

Unemployment

...Unemployment in Bosnia and Herzegovina has reached a not so enviable level of 57 % . At the beginning of the year 2013 the records of employment were registered at 553,501 unemployed . Every month, the number of unemployed persons increased by 0.89 %. The fact that I have to mention is that the unemployment rate (official unemployment rate) in Greece is 22 % , which is struggling with the recession . One of the devastating fact is that 262,996 unemployed people or 49.93 % of job seekers are women. Is sexism in question? A fear that we may have a woman who will take a job, be a leader ? Additionally, highest unemployment rate is among young people and it is at 67 %, which is as much as 9 % more than in the previous five years. I think that the particularly troubling fact is that every year it is recorded only a continuation of the negative trend when it comes to the position of young people who are getting worse, and the problems are only deeper. The high rate and the level of youth unemployment has lasting negative consequences for the economy. Young people are choosing to leave Bosnia and Herzegovina every year. Statistics show that 37% of young people will leave Bosnia and Herzegovina, while 10 % have already taken concrete steps to leave out country. On step to hunger is 60 % of the BiH population. With the current level of economic activity, I think that there will be no improvement in the situation until the year 2017. This is leading to additional pressure, especially...

Words: 311 - Pages: 2

The Eu

...and Answers Summary The European Union (EU) is a political and economic partnership that represents a unique form of cooperation among sovereign countries. The Union is the latest stage in a process of integration begun after World War II, initially by six Western European countries, to foster interdependence and make another war in Europe unthinkable. Today, the EU is composed of 27 member states, including most of the countries of Central and Eastern Europe, and has helped to promote peace, stability, and economic prosperity throughout the European continent. The EU has been built through a series of binding treaties, and over the years, EU member states have sought to harmonize laws and adopt common policies on an increasing number of economic, social, and political issues. EU member states share a customs union, a single market in which goods, people, and capital move freely, a common trade policy, and a common agricultural policy. Seventeen EU member states use a common currency (the euro). In addition, the EU has been developing a Common Foreign and Security Policy (CFSP), which includes a Common Security and Defense Policy (CSDP), and pursuing cooperation in the area of Justice and Home Affairs (JHA) to forge common internal security measures. EU member states work together through common institutions to set policy and to promote their collective interests. Key EU institutions include the European Council, composed of EU Heads of State or Government, which acts as......

Words: 8592 - Pages: 35

The Eu

...(Murray, 2011). In fact, Peter Schmitt-Egner identified the process undertaken by the EU as transnational regionalism, as it seeks to 1: Utilize European integration as arena for transnational learning to foster internal regional development and; 2: Enhance regional competence to create a ‘Europe of Regions of Citizens’ (Schmitt-Egner, 2002). For Europe, regional integration has presented itself as a window of opportunity that allows for: “outward looking trade policy, internal competitiveness and involvement in cross-border agreements” (Downs, 2002). Traditionally, this European model based on competitiveness and biggest commercial trading powers in the world, rendering Europe to become the most important regional zone with total exports and imports representing upwards of 40% word trade (Sava, 2006). However, the combination of free trade regimes within the Union and protectionist attitude taken to affairs outside of it will only be successful so long as Europe has the capacity to dictate trade (Murray, 2011). Increasing cooperating of emerging powers of BRICS nations including that of Russia, China, India, South Africa and Brazil has proven to continually push the limits of the EU’s ability to address the global challenges of multilateralism (Molchanov, 2007). To cope with this, enlargement of the Union and the Eurozone further into Eastern Europe provides a potential solution to render the EU more competitive with access to larger labour pools reducing costs for......

Words: 1667 - Pages: 7

Unemployment

...Unemployment From Wikipedia, the free encyclopedia Jump to: navigation, search For payments paid to unemployed people, see unemployment benefits. Unemployed men outside a soup kitchen in Depression-era Chicago, 1931. Unemployment (or joblessness) occurs when people are without work and actively seeking work.[1] The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession, an economy usually experiences a relatively high unemployment rate.[2] According to International Labour Organization report, more than 197 million people globally are out of work or 6% of the world's workforce were without a job in 2012.[3] There remains considerable theoretical debate regarding the causes, consequences and solutions for unemployment. Classical economics, New classical economics, and the Austrian School of economics argue that market mechanisms are reliable means of resolving unemployment. These theories argue against interventions imposed on the labor market from the outside, such as unionization, bureaucratic work rules, minimum wage laws, taxes, and other regulations that they claim discourage the hiring of workers. Keynesian economics emphasizes the cyclical nature of unemployment and recommends government interventions in the economy that it claims will reduce unemployment during recessions. This theory......

Words: 7527 - Pages: 31

Unemployment

...Four main target of governments: Low unemployment – lots of people in work Low and steady inflation – prices and wages fairly stable ← Steady and sustainable economic growth (%change in GDP) – the economy to grow a little bit each year A positive balance of payments – to export more than we import Two other possible: ← To reduce inequality in the country – to redistribute income and wealth in order to help the poor To protect the environment – to avoid pollution and congestion What is Monetary Policy? Monetary Policy involves changes in the base rate of interest to influence the rate of growth of aggregate demand, the money supply and ultimately price inflation. Monetarist economists believe that monetary policy is a more powerful weapon than fiscal policy in controlling inflation. Monetary policy also involves changes in the value of the exchange rate since fluctuations in the currency also impact on macroeconomic activity (incomes, output and prices) Changes in short term interest rates affect the spending and savings behaviour of households and businesses over time and therefore feed through the circular flow of income and spending. The transmission mechanism of monetary policy works with variable time lags depending on the interest elasticity of demand for different goods and services – e.g. the demand for interest-sensitive consumer goods and services bought on credit or the demand for capital investment from private sector businesses.......

Words: 1584 - Pages: 7

Unemployment

...Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequently cited measure of unemployment is the unemployment rate. This is the number of unemployed persons divided by the number of people in the labor force. Many different variations of the unemployment rate exist with different definitions concerning who is an "unemployed person" and who is in the "labor force." For example, the U.S. Bureau of Labor Statistics' commonly cites the "U-3" unemployment rate as the official unemployment rate but this definition of unemployment does not include unemployed workers who have become discouraged by a tough labor market and are no longer looking for work. The various schools of economic thought differ on their explanation of the cause of unemployment. Keynesian economics proposes that there is a "natural rate" of unemployment because the skills of laborers and the positions available are slightly out of sync even under the best economic conditions. Neoclassical economics postulates that the labor market is efficient if left alone, but that various interventions, such a minimum wage laws and unionization, put supply and demand out of balance. The nature of unemployment differs according to the level of economic development in a country. India is an underdeveloped economy. The following types of unemployment exist in India: 1. Rural Unemployment: India is...

Words: 700 - Pages: 3

Unemployment

...also had a negative impact. “the rate of unemployment or underemployment was highest for teens (aged 16-19) who were African American (60%) or Hispanic(52%) compared to their White counterparts (35%” (Youth Employment Matters, 3). When you look at these statistics, you may wonder how or why these numbers are so drastically different. Well I feel as though the real problem isn’t getting job, so much as it is the youth being malinformed. I mean most peers assume that just saying and attempting to get a job will get them said job. Well that really isn’t going to happen is it? and i’m sure it won’t help bring the numbers of unemployment for black and hispanic youth down either. Because i’m black youth myself, I see the differences in the African Americans and Hispanics that actually have jobs and those that don’t. The ones that usually have some type of family structured support, tend to have an easier time accessing information or getting help on Wegner 2 how to prepare for a job interview or how to have proper work etiquette. The youth that doesn’t have jobs are typically the one’s who are unmotivated and see “no purpose in wasting one's life away with job”(Tyler Wegner, Conversation with my parents). well they most likely weren’t introduced to the idea of working or going to school for higher education until they were much older and set in there unproductive ways. I believe if we are ever to truly separate this gap of unemployment it will start at school and at a much......

Words: 550 - Pages: 3

Unemployment

...solutions for the unemployment problem using Keynesian economics, which brought the idea of forcing the government to spend when the private sector cannot or not able to support adequate levels of economic expansion. Conservatism and its position On the other hand, conservatism which is a political and social philosophy that simply believes that there is something in life worth redeeming and they also think that the role if governments should be to provide the citizens the freedom they need to achieve their own goals. Conservatives in the United States believe in and support the free market solutions, and they suggest to reduce the government rules and restriction of the private job areas. Moreover, they do not agree with the government in terms of motivation spending or aiding. They want it to be a free market that can govern feat and failure. To do so, they suggested to reduce the income tax rate which is the main effect on the free market. Back in the 19th century, the conservatives have worked to stop the labour unions and tried to push the free trade by encouraging agreements. Some of these agreements are still valid and used by the party to support the free trade. They also demonstrated some agreement that reduces inflation. Political and economic issues facing the citizens based on poll data Most of the rich and wealthy citizens of the United States do not support the active side of the government that try to kill the high rates of unemployment, they......

Words: 758 - Pages: 4

Unemployment

...Today, a global recession has become a biggest threat to world. Due to this global recession, it is a macroeconomics crisis. In last few years, unemployment has become a serious and top most problem in many part of the world. Also increased globalizations have put more employee job into risk. The under developing countries like India, china are facing their bad time. Emerging economies like China and India are affected by the negative influence of the US Subprime Market Crisis. By reducing the demand for labor we can bring economic downturn, but it tends to increase the unemployment level in the formal sector and bring the wages charge down. It means the poverty rate is increasing and as well as the unemployment is also increases at the same rate. Such both effects try to tend the unemployment and poverty in formal economics. Thus recession works into two ways, directly or indirectly. Directly, in this scenario it decreases the wages of employees and it creates more jobless Is this essay helpful? Join OPPapers to read more and access more than 600,000 just like it! get better grades employees it means more number of poor in formal economy. In directly in this scenario it brings wages down those already employed in formal economy. In other word when the economy is passing through in a recession scenario the GDP rate will be high. The goods, service and product demand would be low. When demand of the product would be low the consumer expenditure also will be low. When......

Words: 363 - Pages: 2

Unemployment

...Unemployment Name: Institution: Date: Unemployment refers to the situation which occurs when individuals who are actively seeking jobs are unable to find them (Brophy, 2010). On the other hand, unemployment rate refers to the prevalence of unemployment. Unemployment is normally used as a measure of the state of the economy. Before the industrial revolution in the United States, the production of goods was not systemized. Peasants produced goods for their own benefit and for that of their landlords. For this reason, they were not paid and could not be employed or unemployed. There was therefore no unemployment. However, the industrial revolution began which required the employment system (Maddison, 1982). Because of the search for cheap labor, industrial revolution brought about labor exploitation and unemployment. Unemployment in the United States started in the year 2008 when the private sector fell into a depression. This was as a result of the global recession. Since then, Unemployment has been an issue to date (Brophy, 2010). Unemployment is considered to be the main cause of poverty. As a result, people may not afford necessities which in turn lead to various businesses performing poorly. This in turn causes the laying off of more people and this becomes a chain reaction. Unemployment is also a problem because it the unemployed may not afford to pay bills thus lowering their standard of living. Furthermore, the number of homeless people in the United States has...

Words: 920 - Pages: 4

Building Materials & Supplies | 30.06.1700:03 Uhr Helene Fischer - Herzbeben (The Mixes)*Repack* Pop256 kbit/s 0 / 020.694 Hits VID P2P DDL 0 Kommentare | My Foreigner Friend