"Where Is The Best Country In Europe To Get A Job?"
The unemployment rate in Germany is at a historic low. Accordingly, job prospects for the German workforce are also very good by international standards. Like the current Glassdoor study "Where Is The Best Country in Europe To Get a Job?" shows that in no other EU country is there a lower proportion of unemployed, in Europe the unemployment rate is even lower in Norway and Switzerland.
The study was conducted by Glassdoor Economic Research in collaboration with Llewellyn Consulting and takes a look at the labor market outlook in 16 European countries.
The service sector is growing
In addition to the employment rate, various other aspects of the labor market are considered, such as the quota of involuntary part-time workers, the share of fixed-term contracts, the lack of youth unemployment or changes since the start of the global financial crisis in 2008. The study gives an insight into the different working environments of Europe and shows where the chances for employees are best.
In general, it is clear that the importance of the service sector across Europe has increased significantly. In every labor market considered, at least two-thirds of all employees work in this sector. It is also clear that it is much easier to move from a job with low earnings to a well-paid job than directly from unemployment.
Employment rate in Germany today is higher than before the crisis
Compared to the pre-crisis period, the employment rate has not developed so positively in any other European country as in Germany. The ratio has improved between the end of 2007 and the end of 2014 here, despite the crisis even by 2,8 percentage points.
Only in Austria and Switzerland is an improvement in the unemployment rate observed during the same period. The labor markets in Greece (-10,8 percentage points), Spain, Ireland and Portugal are still particularly affected by the crisis.
Germany with catching up demand for temporary contracts
In southern Europe - especially in Spain and Greece - not only the unemployment rate but also youth unemployment is dramatically high. In both countries, around 50 percent of young people are unemployed. In Germany, by contrast, the unemployment rate is well below the OECD average, and nowhere in Europe are fewer young people without a job than in Germany.
The share of fixed-term employment is different. Here, Estonia (3 percent) and the UK (6 percent) are by far the leading places, whereas the proportion of fixed-term contracts and temporary work in Germany is at 13 percent, which is even slightly above the OECD average. Even higher is the number of young workers up to 24 years.
Estonia and Norway in the top spot
Here, Germany is at the upper end of the scale and is well above the OECD average, with 50 percent, while in Estonia and the UK, well below 20 percent of young employees have a fixed-term contract. However, the value for Germany can also be explained by the fact that training conditions play a major role here and that time-limits for the corresponding contracts are the norm.
The proportion of workers who are involuntarily working part-time has increased in most countries since 2008, with the exception of Germany, Belgium and Sweden. In Germany, the involuntary part-time employees account for around 4 per cent, while the share in Estonia and Norway is lowest among 2 per cent. The following table summarizes six indicators for the labor market outlook.
Where are the best jobs?
In equilibrating all the factors considered, Estonia, Norway, the UK and Austria offer job opportunities the best prospects in Europe. Similar to Germany, the labor market is much better in these countries than in the rest of Europe. From the quality of the workforce to training and labor market policy. The labor market in France, for example, is much more regulated than in Germany (since the Hartz reforms in 2003). This is one reason for the overall significantly poorer job prospects in our neighboring country.
Germany is 0,1 points behind the leader and has a value of 0,8 - where 1,0 is the best possible and 0 the worst value. The calculated total value is based on a summary of the equilibrated six individual indicators taking the Min-Max method into account.
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