Positive trends of Eu employment in 2017
“This annual review shows once again that we are firmly on the path towards more jobs and growth. However, today’s young and their children may end up worse off than their parents. This is not what we want. Swift action is needed. With the European Pillar of Social Rights we want to preserve and improve our social standards and living conditions for future generations.” Commented Commissioner for Employment, Social Affairs, Skills and Labour Mobility, Marianne Thyssen.
The Commission published the 2017 edition of its yearly Employment and Social Developments in Europe (ESDE) review. This year’s edition confirms positive labour market and social trends and continued economic growth. With over 234 million people having a job, employment has never been as high as today in the EU and unemployment is at its lowest level since December 2008. But looking beyond the overall social and economic progress, evidence shows that there is a particularly high burden, exacerbated by demographic ageing, on younger generations: they tend to have more difficulties in finding a job, are more often in non-standard and precarious forms of employment and are likely to receive lower pensions, relative to wages.
This is why the 2017 ESDE review focuses on intergenerational fairness: we need to make sure that all generations benefit from the current positive economic trends and that young people in Europe will have at least the same opportunities as their parents. The annual Employment and Social Developments in Europe review reports on the latest employment and social trends, and reflects on upcoming challenges and possible policy responses. It is the European Commission’s main report to provide evidence and analysis and to review trends and upcoming challenges on the labour market.