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%).
The fact that Germany recorded the highest rate of unemployed people at risk of povery suggest that once out of the labour market there are not enough social protections or, that's the second explanation, it is not easy at all to come back into the labour market. In any case these Eurostat figures put Germany at the center of the spotlights. The biggest Eurozone economy and the strongest economy of the European Union is not that kind of heaven that everybody has been always considering. When a government, even with low unemployment rate, has seven people out of ten in need of rescue then it means that something in the system doesn't work properly. In times of political debates on the need of European social pillars, for Germany, more than other countries, the time to act has come. Germany can claim to have an amount of people without a job is low in percentage, but the other side of the coin is the difficult social conditions they have to face. According to the figures, in that sense the northern country is far away to be a good example.
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%).
The fact that Germany recorded the highest rate of unemployed people at risk of povery suggest that once out of the labour market there are not enough social protections or, that's the second explanation, it is not easy at all to come back into the labour market. In any case these Eurostat figures put Germany at the center of the spotlights. The biggest Eurozone economy and the strongest economy of the European Union is not that kind of heaven that everybody has been always considering. When a government, even with low unemployment rate, has seven people out of ten in need of rescue then it means that something in the system doesn't work properly. In times of political debates on the need of European social pillars, for Germany, more than other countries, the time to act has come. Germany can claim to have an amount of people without a job is low in percentage, but the other side of the coin is the difficult social conditions they have to face. According to the figures, in that sense the northern country is far away to be a good example.
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