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Pages 21 (5271 words)
The level of unemployment still remains high in many of the European countries despite the more efforts that have been directed by the concerned in trying to mitigate the situation. The level of unemployment has been on the increase which has raised concern from many stakeholders who have attributed the increasing rate to insufficient level of economic activity in the region and the malfunction of the labour markets…
(Theil, 2008, p. 76)
Unemployment in Europe has been shown to be worrying phenomena based on the fact that more than 20 million people are unemployed in the continent. But the most worrying fact has been that this is only affect some segment of the society and especially based on ethic factors. Fore example it has been shown the Italy is one of the European countries where the level of unemployment is affecting some segment of the population and it has been closely liked to certain social components. It has been shown most o the region in Europe with has excess labour supply with exception of France and Spain enjoys full employment while others have very high rate unemployment. (OECD 1997, p. 3)
But there is a close relationship between economic performance and the level of unemployment in these European counties. It is to be found the unemployment and economic growth are two non-integrated factors and which are derived by the same autogressive united roots that are present in majority of the growth models. ...
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