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unemployment
Business / 38 weeks ago
How economic conditions are impacting the average hourly wages in Europe
The European economy has experienced significant fluctuations in recent years, influenced by factors such as inflation, unemployment, and GDP growth. These economic conditions have a profound impact on average hourly wages across Europe. According to data from Eurostat, the statistical office of the European Union, we can gain valuable insights into the relationship between economic conditions and average hourly wages. Inflation plays a crucial role in determining average hourly wages. When inflation rises, the purchasing power of consumers decreases, and employers may need to adjust wages to maintain employees' standard of living. Eurostat data reveals that countries with high inflation rates, such as Hungary and Poland, have experienced significant growth in average hourly wages (€12.8 and €11.9 respectively) between 2023 and 2024.
Business / 40 weeks ago
The disturbing unemployment rate in Europe
Recent data from Eurostat indicate that the European Union’s seasonally adjusted unemployment rate declined to approximately 5.9% as of December 2024, compared to 6.1% a year earlier. The rate hovers around 6.3% in the euro area, and it has remained remarkably stable over recent months despite broader economic headwinds. This stability reflects a recovery from past crises and the cautious optimism of policymakers who have implemented a range of structural reforms and targeted fiscal measures.
Business / 1 year ago
Top 10 countries with the highest self-employment rates
With the growing unemployment rates due to the state of the global economy, it has only become common for individuals to start businesses. In some countries, especially in Africa, it will only take a miracle to be employed in the public or private sector two or three years after tertiary education.
