Employment and social trends in Europe 2014
Countries providing high quality jobs, effective social protection and moving towards a social investment approach have proved to be more resilient to the economic crisis. This is one of the main findings of the 2014 Employment and Social Developments in Europe Review, in which the European Commission reviews the recent employment and social trends and reflects on upcoming challenges and possible policy responses.
The report shows that the European economy and labour markets are experiencing signs of recovery. However, economic output and employment still remain below the pre-crisis levels and the foundations for further growth remain fragile. Around 9 million more people are out of work compared with 2008, with youth and long-term unemployment being a source of particular concern. The crisis has increased financial distress and debt levels among households, exacerbated poverty and social exclusion, weakened social ties and led many families and individuals to rely on informal support.
Some Member States have weathered the crisis better than others though, and are currently experiencing a stronger recovery. The report outlines that Member States with efficient social protection systems and strong investment in lifelong learning and activation, unemployment and other social benefits were less affected by economic and unemployment shocks.
The review stresses that investment in human capital and the role of health and social services are essential for building more resilient societies. Special attention should be paid to early childhood education and care and activation services to enhance labour market participation, protection for those (temporarily) excluded from the labour market, and work with individuals to address potential risks in their lives, in particular children and older people.
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