Glassdoor Economics Report reveals UK is third best country in Europe to get a job
Low Temporary Employment and Youth Unemployment Support Favourable Job Prospects in Britain
It’s easier to get a job in some countries than others, and it turns out that the UK is near the top (along with Estonia, Norway and Austria) when it comes to job prospects. According to a report out today from Glassdoor Economic Research, the UK labour market has some major advantages including the quality of the workforce, high levels of education and training and low levels of temporary employment.
In the new Glassdoor Economic Research report, conducted in cooperation with Llewellyn Consulting), titled “Where Is The Best Country In Europe To Get a Job?”1, Glassdoor set out to identify which countries offered the best job prospects and why. The study, spanning 16 countries in Europe, presents an analysis of eight key employment indicators, including: rates of unemployment, temporary employment, involuntary part-time working and the “employment gap” (comparing current employment rates with the pre-crisis rates).
“European labour markets today are diverse and present myriad challenges—as well as opportunities—for job seekers,” notes Glassdoor Chief Economist Dr. Andrew Chamberlain. “On the one hand, countries like the UK, Germany, Austria and Switzerland enjoy below average unemployment. By contrast, Greece, Spain and Portugal have continued to struggle with double-digit unemployment and slow economic growth—partly due to inflexible labour market regulations that have proven difficult to reform in recent years.”
UK Has One Of Lowest Rates Of Unemployment In Europe
Unemployment is particularly high in Greece and Spain (around 25 percent of the workforce), but the UK is in a much better position, with around six percent of the active population out of work. This rate is only bettered by Austria, Germany, Switzerland and Norway. In fact, Norway has an unemployment rate which is less than half that of the European average.
Youth Unemployment Has Reached Dramatically High Levels In Some Countries
Youth unemployment (15-24 year olds) has reached more than 50 percent in Spain and Greece, nearly 43 percent in Italy, 35 percent in Portugal and close to 25 percent in France, Ireland and Belgium. In the UK, rates of youth unemployment, having peaked at just over 20 percent in 2011-12, are now down to 17 percent.
UK And Estonia Have Lowest Proportions Of Temporary Employment
Temporary contracts are particularly common in Spain, the Netherlands and Portugal (all over 20 percent of employees). In Norway, the proportion is just eight percent, the UK six percent and Estonia three percent. Among young workers, the numbers on fixed-term or temporary contracts are even higher than general employees, again particularly in Spain and Portugal. The UK and Estonia have the lowest proportion, by quite a margin.
The Employment Rebound Has Been Best In Germany
The “employment gap” compares current employment rates with the pre-crisis (2008) rates. The most impressive employment rebound has been in Germany (2.8 percentage points) and only in three countries (Germany, Austria and Switzerland) has employment yet risen to above its pre-crisis levels. The UK comes in fifth, just behind Estonia and ahead of Belgium.
The gap is largest in Greece (-10.8 percentage points), Spain, Ireland and Portugal.
Involuntary Part-Time Work Has Increased in Most Countries
The proportion of those who work part time but would rather be working full time has increased everywhere (with the exception of Germany, Belgium and Sweden) since 2008. The proportion is highest in Italy (12 percent), Spain (10 percent), and Ireland (9 percent), and lowest in Austria, Switzerland, Belgium, Luxembourg, Norway and Estonia. The UK is in the middle of the pack at over four percent, which is above average.
See the full Glassdoor Research Report “Where Is The Best Country In Europe To Get a Job?” including insights on temporary employment and employment by sector.
Visit Glassdoor Research (www.glassdoor.com/research) for the latest job market and economic employment reports. Follow @ADChamberlain on Twitter for more reports on labour economics, jobs trends and the impact of workplace transparency.
1 Report findings based on data from OECD and Eurostat