EU Skills Panorama
One of the most dramatic consequences of the economic crisis has been the soaring levels of youth unemployment in several OECD countries; and the hesitant recovery of the past years was insufficient to improve the job prospects of young people.
The numbers of young people in contact with Youth Guarantee providers have risen in Finland, Latvia, Portugal and Romania following communication and outreach campaigns in the past four months.
Read about our groundbreaking report on inequality - In it Together: Why less inequality benefits all - as well as our recent work on tackling harmful alcohol use. You can also find here all our work on employment, migration, health and social policy over the last few months, as well as highlights from this summer's OECD Forum which addressed the theme "Investing in the future: people, planet, prosperity”.
The latest quarterly data confirms previous positive developments. The EU economy continues its moderate recovery, which is broadening across Member States.
By 2020, employment in the European Union (EU) is forecast to be back to its 2008 pre-crisis levels (Figure 1).
How will skill supply and demand develop over the next decade?
Labour market conditions are generally improving in OECD countries. However, employment is still growing too slowly in the OECD area to close the jobs gap induced by the crisis by the end of 2016.