One Country boasts of over 19.3% unemployment, and almost 50% of its population under 25 are now unemployed. Another had its government bonds almost relegated to junk bond status, before the IMF stepped in.
Not every Country in Europe is recovering in terms of providing employment to its citizens. Spain has the highest number of young unemployed in Europe, almost 50% and it continues to rise. And construction workers form a big part of the unemployed- after decades of a housing boom, turned into a spectacular bust.
One of the European Union's newest members Latvia has almost 20% unemployment- one dubbed Europe's Tiger. Ireland faces a difficult future, as the nation's construction boom, turned to bust leaving the former Celtic tiger, having to implement a tough set of austerity measures to offset the countries huge debts.
These Countries are the worse countries to find a job in construction, the real estate sector and banking. And with high unemployment particularly for anyone under 25, no place to be for older, more experienced workers.
They lack natural resources, and are essentially in the Euro Zone, which many experts believe have shielded them from a worse scenario, considering the Euro remains a strong currency in the international market.
Britain also has a high rate of unemployment, although there are still roughly the same amount of jobs available matching the nation's high unemployment rate. Most of these jobs are either in green-tech industries, or low wage service industries.
The lesson is do not go to these Countries expecting to find a job, unless you are a specialist in a field needed like Green-tech, or Education. The worse maybe over, but Spain, Ireland and Estonia face a long road of change, before unemployment levels effectively decrease.
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