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Eurozone unemployment - totaljobs.com comment

Mike Booker, Director The Network, totaljobs.com

Mike Booker, Director The Network, totaljobs.com

“The modest fall in unemployment is another reason to believe confidence is returning in the eurozone; the drop follows a fall in energy prices across Europe which is leading to lower household expenditure. This, in turn, creates favourable conditions for people to move jobs or find employment. However, underemployment is also a contributing factor as people are more willing to accept lower skilled, short term or part time role in tougher times.

“There is still a massive divide in unemployment rates between northern European countries like Germany and southern Europe, although nations such as Portugal are investing heavily in digital infrastructure which may contribute to economic recovery towards the end of this year and into next. Looking ahead, falling employment is a trend that is likely to continue as businesses step up their recruitment plans after the summer break.”