Employment Recovery Stalls in Europe and Central Asia

Employment recovery stalls in Europe and Central Asia (ECA) and Gross Domestic Product (GDP) continues to recover in most ECA countries, but the recovery remains fragile. Growth prospects remain poor in a number of countries where GDP continues to...

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Main Authors:	Koettl, Johannes, Mata, Elizabeth, Saiovici, Gady, Santos, Indhira
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	AGING AVERAGE UNEMPLOYMENT AVERAGE UNEMPLOYMENT RATE ECONOMIC GROWTH ECONOMIC RECOVERY EMPLOYMENT FINANCIAL CRISIS GDP HIGH UNEMPLOYMENT HIGH UNEMPLOYMENT RATES INCOME JOB CREATION LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LABOUR LONG-TERM UNEMPLOYMENT PRODUCTIVITY GROWTH UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT BENEFICIARIES UNEMPLOYMENT BENEFITS UNEMPLOYMENT INCREASE UNEMPLOYMENT LEVELS UNEMPLOYMENT RATES WORKER WORKERS YOUTH YOUTH UNEMPLOYMENT YOUTH UNEMPLOYMENT RATES
Online Access:	http://documents.worldbank.org/curated/en/2013/04/17816768/employment-recovery-stalls-europe-central-asia http://hdl.handle.net/10986/16956

id	okr-10986-16956
recordtype	oai_dc
spelling	okr-10986-169562021-04-23T14:03:33Z Employment Recovery Stalls in Europe and Central Asia Koettl, Johannes Mata, Elizabeth Saiovici, Gady Santos, Indhira AGING AVERAGE UNEMPLOYMENT AVERAGE UNEMPLOYMENT RATE ECONOMIC GROWTH ECONOMIC RECOVERY EMPLOYMENT FINANCIAL CRISIS GDP HIGH UNEMPLOYMENT HIGH UNEMPLOYMENT RATES INCOME JOB CREATION LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LABOUR LONG-TERM UNEMPLOYMENT PRODUCTIVITY GROWTH UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT BENEFICIARIES UNEMPLOYMENT BENEFITS UNEMPLOYMENT INCREASE UNEMPLOYMENT LEVELS UNEMPLOYMENT RATES WORKER WORKERS YOUTH YOUTH UNEMPLOYMENT YOUTH UNEMPLOYMENT RATES Employment recovery stalls in Europe and Central Asia (ECA) and Gross Domestic Product (GDP) continues to recover in most ECA countries, but the recovery remains fragile. Growth prospects remain poor in a number of countries where GDP continues to decline. This slowdown in the economic recovery is also evident at the sub-regional level. Unemployment has stabilized, with an average unemployment rate of 12 percent across the ECA region. Since the start of the crisis, men have been disproportionally hit by unemployment. The recent pace of job creation has not been sufficient to absorb the large pool of unemployed, resulting in growing long-term unemployment. Despite the rise in long-term unemployment, activity rates have increased or remained constant in most countries since 2008. ECA labor markets adjusted to the crisis not only through higher unemployment, but also through fewer work hours. Given the already low levels of employment in the region and a bleak demographic outlook, avoiding labor market detachment among the long-term unemployed, the inactive, and youth is the main challenge for policy makers in the near term. 2014-02-10T17:48:14Z 2014-02-10T17:48:14Z 2013-04 http://documents.worldbank.org/curated/en/2013/04/17816768/employment-recovery-stalls-europe-central-asia http://hdl.handle.net/10986/16956 English en_US Europe and Central Asia knowledge brief;issue no. 65 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Brief Publications & Research Europe and Central Asia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	AGING AVERAGE UNEMPLOYMENT AVERAGE UNEMPLOYMENT RATE ECONOMIC GROWTH ECONOMIC RECOVERY EMPLOYMENT FINANCIAL CRISIS GDP HIGH UNEMPLOYMENT HIGH UNEMPLOYMENT RATES INCOME JOB CREATION LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LABOUR LONG-TERM UNEMPLOYMENT PRODUCTIVITY GROWTH UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT BENEFICIARIES UNEMPLOYMENT BENEFITS UNEMPLOYMENT INCREASE UNEMPLOYMENT LEVELS UNEMPLOYMENT RATES WORKER WORKERS YOUTH YOUTH UNEMPLOYMENT YOUTH UNEMPLOYMENT RATES
spellingShingle	AGING AVERAGE UNEMPLOYMENT AVERAGE UNEMPLOYMENT RATE ECONOMIC GROWTH ECONOMIC RECOVERY EMPLOYMENT FINANCIAL CRISIS GDP HIGH UNEMPLOYMENT HIGH UNEMPLOYMENT RATES INCOME JOB CREATION LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LABOUR LONG-TERM UNEMPLOYMENT PRODUCTIVITY GROWTH UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT BENEFICIARIES UNEMPLOYMENT BENEFITS UNEMPLOYMENT INCREASE UNEMPLOYMENT LEVELS UNEMPLOYMENT RATES WORKER WORKERS YOUTH YOUTH UNEMPLOYMENT YOUTH UNEMPLOYMENT RATES Koettl, Johannes Mata, Elizabeth Saiovici, Gady Santos, Indhira Employment Recovery Stalls in Europe and Central Asia
geographic_facet	Europe and Central Asia
relation	Europe and Central Asia knowledge brief;issue no. 65
description	Employment recovery stalls in Europe and Central Asia (ECA) and Gross Domestic Product (GDP) continues to recover in most ECA countries, but the recovery remains fragile. Growth prospects remain poor in a number of countries where GDP continues to decline. This slowdown in the economic recovery is also evident at the sub-regional level. Unemployment has stabilized, with an average unemployment rate of 12 percent across the ECA region. Since the start of the crisis, men have been disproportionally hit by unemployment. The recent pace of job creation has not been sufficient to absorb the large pool of unemployed, resulting in growing long-term unemployment. Despite the rise in long-term unemployment, activity rates have increased or remained constant in most countries since 2008. ECA labor markets adjusted to the crisis not only through higher unemployment, but also through fewer work hours. Given the already low levels of employment in the region and a bleak demographic outlook, avoiding labor market detachment among the long-term unemployed, the inactive, and youth is the main challenge for policy makers in the near term.
format	Publications & Research :: Brief
author	Koettl, Johannes Mata, Elizabeth Saiovici, Gady Santos, Indhira
author_facet	Koettl, Johannes Mata, Elizabeth Saiovici, Gady Santos, Indhira
author_sort	Koettl, Johannes
title	Employment Recovery Stalls in Europe and Central Asia
title_short	Employment Recovery Stalls in Europe and Central Asia
title_full	Employment Recovery Stalls in Europe and Central Asia
title_fullStr	Employment Recovery Stalls in Europe and Central Asia
title_full_unstemmed	Employment Recovery Stalls in Europe and Central Asia
title_sort	employment recovery stalls in europe and central asia
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2013/04/17816768/employment-recovery-stalls-europe-central-asia http://hdl.handle.net/10986/16956
_version_	1764435343876030464

Employment Recovery Stalls in Europe and Central Asia

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