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Daily chart: Europe’s long-term unemployed, Continental drift

“Daily chart: Europe’s long-term unemployed, Continental drift”, The Economist, 28 Ιουλίου 2015.

Over the past six years, long-term unemployment in Europe has swelled. Around half of Europe’s 25m unemployed have been jobless for over a year. Over 12% have not worked for more than four years. Aside from rising poverty levels, the problem brings a further set of difficulties that can render it self-sustaining. Skills are forgotten, confidence drains, fertility slows and the risk of poor health increases. The challenge for policymakers is to stop this cyclical unemployment from becoming structural.

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