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3 Million Jobs Added in the European Union.


WASHINGTON Washington, town, England
Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area.
 -- Recent official figures from Eurostat show employment reached 222 million for the EU-27 in the second quarter of 2007, reflecting an annual increase of over 3 million and an increase of 1 million from the previous quarter. Recent economic growth in Germany Germany (jûr`mənē), Ger. Deutschland, officially Federal Republic of Germany, republic (2005 est. pop. 82,431,000), 137,699 sq mi (356,733 sq km). , Poland Poland, Pol. Polska, officially Republic of Poland, republic (2005 est. pop. 38,635,000), 120,725 sq mi (312,677 sq km), central Europe. It borders on Germany in the west, on the Baltic Sea and the Kaliningrad region of Russia in the north, on Lithuania,  and Spain Spain, Span. España (āspä`nyä), officially Kingdom of Spain, constitutional monarchy (2005 est. pop. 40,341,000), 194,884 sq mi (504,750 sq km), including the Balearic and Canary islands, SW Europe. , has influenced the improving employment situation. In Germany the limited growth of labor costs also contributed.

At the same time, strong employment expansion continues in most new Member States (with the exception of Hungary and Estonia). Reflecting the improvement in labor market labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience  conditions, by the second quarter of 2007, the overall EU employment rate had increased to 65.3%, up from 64.3% one year earlier.

The average EU unemployment rate in the third quarter of 2007 fell again to 7.1%, from 8.1% a year earlier, with almost all Member States recording a fall in their national rates. Poland has seen by far the strongest decline, with unemployment falling 4.2 percentage points over the year to 9.1%, due to strong growth (6.7%). Only Slovakia now has a double-digit unemployment rate (11.1%). There has been a strong fall in German unemployment over the past year (down by 1.4 percentage points) mirroring the growth in employment.

Thanks to this steady decrease in unemployment, the EU continues to close the unemployment gap compared to the U.S. and Japan (where unemployment rates were 4.6% and 3.8% respectively in the third quarter).

Quarterly EU Labor Market Review - Autumn 2007:

http://ec.europa.eu/employment_social/employment_analysis/ quarterly_en.htm

Sources:

http://ec.europa.eu/employment_social/emplweb/news/ news_en.cfm?id=313

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Publication:Business Wire
Date:Nov 14, 2007
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