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Economics Gazette

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December 10, 2019


EU labor costs

Average hourly EU labor costs reached 26.80 EUR in 2017

The average hourly labor costs in the EU economy were 26.80 EUR in 2017, varying widely from 4.90 EUR in Bulgaria to 42.5 EUR in Denmark. The value includes agriculture and public administration, calculating all the costs for wages but also social charges paid by the employer. For the Eurozone the the labor costs in

EU unemployment

The EU unemployment dropped slightly in February

The unemployment in the European Union (EU) dropped slightly in February on a monthly basis to a level of 7.1%. On an annual basis, there was a more pronounced decrease compared to 8.0% in February 2017, a difference of 0.9 percentage points. This is the lowest unemployment rate since September 2008. The unemployed in the

Unemployment in Bulgaria

Unemployment in Bulgaria continues to decline in February

The unemployment in Bulgaria continues to decline in February on a monthly basis, reaching a level of 5.3%. This is the lowest unemployment rate since November 2008, according to Eurostat’s current seasonally adjusted data released on Wednesday. On an annual basis, there was an even more serious decline, with the rate of 6.2% in February

EU students

The EU students leave universities to start working

More than 3 million young people in the European Union have been in a college or university, but have stopped education at some point, according to Eurostat data for 2016. At the same time, more than 30 million young people graduated. The reasons for interruption of education are different. Nearly 25% prefer to work instead

france strike

France faces new wave of strikes

France faces new strike that will begin today after railway employees protest against the government reform in the sector. The trade union announced a two-day strike every five days by the end of June. The state-owned railway company SNCF advises passengers not to travel by train from tonight to Thursday morning as the strike will

UK construction

UK construction industry trying to keep EU workers after Brexit

The UK construction industry is urging the government to keep workers from EU member states in the country. The call comes after a new study finds that companies currently employing EU workers can not cope without them and think they are good employees. The survey among managers of small and medium-sized construction enterprises found that


Europe and Central Asia make progress on gender equality

The countries of Europe and Central Asia have made progress in terms of gender equality. Over the last two years, 15 legislative reforms aimed at improving the economic integration of women have been implemented in the region, shows the latest Word Bank report entitled “Women, Business and Legislation 2018”. However, countries in the region are

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