Health and social services are a motor for job creation in Europe - but it needs good maintenance
On 8th January 2015, the European Commission published its “Employment and Social Situation Quarterly Review: December 2014” giving an overview of developments of employment and social conditions in the EU over the last 3 months. As Commissioner Thyssen stated: “Though the employment growth we witness now is positive, it is still too small and too slow. Especially long-term unemployment remains a crucial challenge for the EU.” “The unemployment rate of young people has fallen significantly in the EU but remains very high. Long-term unemployment is a growing problem in the EU. In the second quarter of 2014, a total of 12.4 million people (5.1% of the labour force) had been unemployed for more than one year, and more than half of these had been unemployed for more than two years. In Greece and Cyprus, long-term unemployment rates have reached historic highs. Fragile economic recovery and challenges in the labour market have impacted on the modest developments in the situation of households and individuals. The easing in financial distress in low-income households, observed in the first half of 2014, appears to have halted in recent months”, the report states furthermore.