An infographic illustrated by the Debating Europe presents a statistics on the development of unemployment in the European Union. Unemployment levels and rates move in a cyclical manner, largely related to the general business cycle. However, other factors such as labour market policies and demographic changes may also influence the short and long-term development of unemployment.
The unemployment rate was 7.2 % on average between 1983 and 2006, but it rose to more the double of that in 2012 (15.8 %) and 2013 (16.4 %). Italy is in a middle position between France and Portugal. Luxembourg stands out as the country with consistently low unemployment figure for the entire time period, at under 5 % until 2004, and a very moderate growth during the most recent crisis.
The youth unemployment ratio is calculated as an alternative indicator for the purpose of analysis. it presents the share of unemployed youths among the whole of the youth population. The youth unemployment ratio did, however, rise from 2008 to 2013 due to the effects of the financial and economic crisis on the labour market.
Image credits: Courtesy of Debating Europe