Wednesday, February 15, 2012

These EU Countries Had Their Employment Levels Crushed By The Great Recession

UnemploymentWe may be closer to the next recession than the last one, but Eurofound published some figures this week that gave an insight into employment trends during the turbulent period between the second quarter of 2008 and the second quarter of 2010.

The recession hit EU countries in different ways when it came to employment. Some were affected only very slightly, losing a small percentage of their work force. Others, towards the top of our list, were impacted a little bit more.

Though the figures here represent the change in employment from Q2 2008 to Q2 2010, it is interesting to note when unemployment started to rise in each nation and when it stopped. For some, the decline was already coming before 2008.

Overall there was a net loss of 5 million jobs in the EU. The Eurozone saw a 2.3 percent drop in employment during the period.

So, who got hit hardest?

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