Unemployment in Eu

Unemployment is currently measured in the United States by counting those who "do not have a job, have actively looked for work in the prior four weeks, and are currently available for work" (Leonhardt). This means that a great deal of people are not counted as unemployed because they are discouraged and have not looked for work in the past four weeks. Or, the person was injured in some way and they are "not currently" available for work. This does not mean that the people in either of these groups do not actually wish to find work, but it does mean that they are not counted because of an archaic system that has been used by

The European Union (EU) is a unique economic and political partnership between 28 different countries. It consists of about half a billion citizens, and its combined economy represents about 20 percent of the world’s total economy (Briney, 2015). Today The European Union works as a single market, with free movement of people, goods and services from one country to another. There is a standard system of laws to be followed, and since 1999 many countries share a single currency called the Euro (Europa.eu, 2015). This essay will explore the background history of the European Union and the benefits and drawbacks of the European Union.

Since 1950 European Union (EU) was created it has promoted peace, prosperity and values among the member nations and its neighbouring countries. EU’s influential tools, has helped transform many European states into functioning democracies and prosperous countries. EU’s membership has grown from 6 to 28 countries (Enlargement, 2014), satisfying a historic vow to integrate the continent bringing in most states of Central and Eastern Europe (CEE) by peaceful ideals.EU has anticipated the enlargement as an extraordinary opportunity to endorse political strength and economic success in Europe. EU’s extension policy is open to any European state that fulfils the EU’s political and financial criteria for membership; still the political process of inclusion of new state requires a unanimous agreement from all the existing 28 member states. Europe is considered to be more flourishing and safer place due to the promotion of democracy, anti-corruption policy and the single market policy.

There are three different kinds of unemployment that affect our economy: frictional, cyclical and structural. Frictional unemployment occurs when there is a time laps between being employed and looking for work. This term can also be referred to as search employment because it is the time spent searching for a place of employment. One example of this would be a student taking time off of work to finish college and get a 4 year degree. Usually, it takes a lot of time and dedication to finish the last years of school, so some students tend to go to school full time and work part time or not at all. This type of unemployment is also classified as voluntary unemployment because this period of unemployment is at the discretion of the person to some small degree. Secondly, there is cyclical unemployment which changes depending on the business need; for example, workers are laid off when business is bad - then

The unemployment benefit was supported by Great Britain’s government, by establishing eligibility rules based on prior contribution. The Labour Force Survey carried out in (2017), demonstrated that the number of people in the workforce from August to October increased, while the number of unemployed also decreasedto 47% and the number of people aged sixteen years to sixty-four years old are not working, neither do they have an interest to work. These categories of people are referred to in Great Britain as

There is no single body that can be described as the Union’s legislature. Both the Council and the Parliament play significant roles in the process. The European Parliament is frequently accused of democratic deficit. In particular, there are two separate issues to consider: one relates to its composition and another is connected to the engagement of citizens in Parliament. First of all, the European Parliament initially consisted of delegates designated by the Parliaments of Member States, but since 1979, it has been directly elected by the people according to the national electoral system of each Member State. Undoubtedly, that reform helped to overcome the democratic deficit to some extent. Nevertheless, the European Parliament is often criticized of failing to generate much commitment and

Since the 2008 recession, the unemployment rate has reached a high of 8.5% in the period Sep-Nov 2011; however, the current level is 6.0% for the period June-Aug 2014. (ONS, 2014). Appendix 1 depicts the fluctuations in the unemployment rate from 2007 before the recession began to August 2014. This highlights the way in which unemployment rose and then has remained at a constantly high rate until the UK started to experience falls in unemployment around the end of 2013. The unemployment rate is “now is at its lowest level since records began over 40 years ago”. (Gov.uk 2014)

The unemployment rate is a good indicator of the overall economic health of a country. When unemployment is high this generally indicates a weakened economy with many people out of work. Unemployment is also related to the inflation rate. When inflation is high then unemployment is typically lower because more people have to work since the money they have is worth less. When inflation is lower then people have less of an incentive to trade their labor if they already have some wealth accumulated. However, there are also exceptions to this trend. Currently in the UK the inflation rate is slightly over seven percent (7.2%) which is relatively high (Office for National Statistics, 2012).

In the US, with a population of 320 million and a working wealth creating population of around 120 million, with 47 million on food stamps (an estimated increase of 27% since 2008), the unofficial estimated unemployment figure is 23 - 26%. The variation lies between including people as unemployed and ignoring those, ‘not in the labour force’, which is where the skewed figure of 4.7% comes from. Using the same semantics, Britain changed the term unemployed to job seekers in 1996, lowered unemployment at a stroke, yet left a nation of millions seeking work and by the same method, produced an amazingly near equal 4.9% of officially unemployed as America.

Many people believe that their job defines their place in society and that productive, con-tinuous work is one of the elements needed for a happy life. Therefore, when a person becomes unemployed, he/she may lose hope, disrupt relationships, become depressed or sick, and even su-icidal. “Long term unemployment can often be financially, emotionally, and psychologically de-structive” (Krulick). In order to maintain a place in society, a person must be able to pay bills, support a family, and contribute to the community. Unemployment in the United States is a ma-jor social problem; better plans should be started by the government to help reduce the

Figures show that 21.651 million men and women in the EU-28, 16.634 million in the euro area, remained unemployed as of February of 2016 (ILO, 2016). The numbers show that Germany experienced a continuous decline leading to positive estimation of the unemployment condition. Compared with the prior year, the region experienced a fall of unemployment over 1, 000, 000 and more in the extended area (ILO, 2016).

. The emergence of the European Union resulted from the wish to stop conflicts among the warring countries within the states which will not only bring about peace and safety but also economic growth and embossed living standards for all of its peoples. European Union is based on the rule of law, individual human rights protection and a common European Union Citizenship. The aspirations of the Union have increased far beyond the indigenous aims of a systematic market for goods and services and now includes customary foreign and safety policy. In the meantime, it is noted that guiding concepts of the EU are set forth in the TEU (Treaty in the European Union). The Union is established on the merits of respect for human eminence, freedom, elective government and fairness. These ethics are said to be usual in the member states. The EU Council is made up of political representatives of the member states, each being a minister who is consented to execute to the regime of their state. The committee meets in nine different layouts based on the conclusion as to the nature of these configurations taken by a qualified greater part of council members. For example, if the matters being talked over is on education, then United Kingdom representative will be the Minister of Education.

The European Union (EU) was established in order to prevent the horrors of modern warfare, experienced by most of Europe during the World Wars of the 20th century, from ever ensuing again, by aiming to create an environment of trust with the countries of Europe cooperating in areas such as commerce, research and trade (Adams, 2001). The EU has evolved into an economic, trade, political and monetary alliance between twenty-eight European Member States. While not all Member States are in monetary union (i.e. share the currency of the euro), those that are form the ‘Euro-zone’ (Dinan, 2006). The EU can pass a number of types of legislation, with a regulation, act, or law, being the most powerful. Its ‘tricameral’ (European Union, 2007)

Unemployment is when a person who is vigorously looking for employment and is incapable to find work. Unemployment can affect people in a wide range of ways. The effect of idleness has far-reaching consequences. Even those who don 't undergo layoffs in an office may find that their jobs or their personal lives have been destructively impacted.

Employment is an activity or the like that occupies a person 's time. Unemployment on the other hand can be simply defined as when a person in search of “employment” or “job” is unable to find employment or work. It is also said to be when an individual of working age seeking a job is unable to obtain any. Unemployment is a criteria used to diagnose the health of a country’s economy health. It is a big challenge the country Nigeria has battled with for years now and has maintained a rising trend over the years. The standard of living of Nigerians deteriorate more every passing day, week, month, and year due to the rapidly increasing rate of unemployment in Nigeria.