Be careful to keep the job place, or the situation won't be easy at all. Eurostat unveiled the fake news of a country where everything is OK
by Emanuele Bonini
Germany is the strongest European economy and the country is consired a winning model for its performances in all sectors. Public finances are sound, export is robust and the unemployment rate is the third lowest of the entire European Union. Yet data suggest that something is wrong with Germany: its share of people at risk of monetary poverty is the highest of Europe. Latest Eurostat figures on unemployment confirmed the virtuous trend of the norther country, with the not working citizens fallen down to 3,6% in January 2018 compared to 3,9% in the same month of 2017. There are actually some 1,547,000 people out of the labour market, 131,000 less that the first month of the previous year. According to the same EU institute of statistics, at the end of 2016 in Germany the 70.8% of unemployed persons was at risk of poverty. This is the highest European rate, meaning first of all that in Germany there are about more than 1,1 million people with a vulnerability status (in December 2017 the total amount reached the threshold of 1,188,732 persons, in relation to the unemployment rate of that period). In absolute number the situation is less negative than other country. In Italy, for instance, at the end of 2016 there were 1,427,380 unemployed persons was at risk of poverty (or 46% of total unemployed population). In Spain that category of people counted for 2,064,426 individuals (49,4%).
Germany is the strongest European economy and the country is consired a winning model for its performances in all sectors. Public finances are sound, export is robust and the unemployment rate is the third lowest of the entire European Union. Yet data suggest that something is wrong with Germany: its share of people at risk of monetary poverty is the highest of Europe. Latest Eurostat figures on unemployment confirmed the virtuous trend of the norther country, with the not working citizens fallen down to 3,6% in January 2018 compared to 3,9% in the same month of 2017. There are actually some 1,547,000 people out of the labour market, 131,000 less that the first month of the previous year. According to the same EU institute of statistics, at the end of 2016 in Germany the 70.8% of unemployed persons was at risk of poverty. This is the highest European rate, meaning first of all that in Germany there are about more than 1,1 million people with a vulnerability status (in December 2017 the total amount reached the threshold of 1,188,732 persons, in relation to the unemployment rate of that period). In absolute number the situation is less negative than other country. In Italy, for instance, at the end of 2016 there were 1,427,380 unemployed persons was at risk of poverty (or 46% of total unemployed population). In Spain that category of people counted for 2,064,426 individuals (49,4%).
