The labour market of countries is not only one of the most important aspects of a country’s economy, it is also the main indicator for monetary policy makers. The job market across Europe suffered an enormous beating after the financial crash in 2008. But what is the situation in 2016 and which countries are better off than others?
Estonia is the top country in Europe to find a job, according to a research report by recruitment website Glassdoor. Unsurprisingly, financially-troubled Greece is among those countries with highest unemployment rates and one of the hardest places to get a job.
“European labour markets today are diverse and present myriad challenges — as well as opportunities — for job seekers,” commented Glassdoor chief economist Andrew Chamberlain. “On the one hand, countries like the UK, Germany, Austria and Switzerland enjoy below-average unemployment.”
“By contrast, Greece, Spain and Portugal have continued to struggle with double-digit unemployment and slow economic growth — partly due to inflexible labour market regulations that have proven difficult to reform in recent years,” he added.
Germany and Norway are among the best countries for youth employment. Glassdoor also found that it is easier to shift to a high-paid high-quality job from lower-paid employment than it is from unemployment.
The study focused on 16 countries across Europe and looks at several aspects of employment. Glassdoor, together with Llewellyn Consulting, listed these as the best countries to get a job across Europe.
1. Estonia, 2. Norway, 3. UK, 4. Austria, 5. Denmark, 6. Germany, 7. Switzerland, 8. Belgium, 9. Finland, 10. Netherlands, 11. France, 12. Ireland, 13. Italy, 14. Portugal, 15. Greece, 16. Spain.
