capacity of welfare regimes to absorb macro-economic shocks: National differences in the development of unemployment, poverty and the distribution of income in the aftermath of the financial crisis 2008

The labour market in Spain has been hit hard by the economic crisis. An early turning point for a rise in unemployment (May 2007), in combination with rapid monthly expansion, is responsible for the increase from 8,2 per cent (January 2007) to 20,5 per cent (December 2010) of the unemployment rate I...

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1. Verfasser: Mai, Verena Maria (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Hamburg Diplomica Verlag 2014
Ausgabe:1st ed
Schlagworte:
Zusammenfassung:The labour market in Spain has been hit hard by the economic crisis. An early turning point for a rise in unemployment (May 2007), in combination with rapid monthly expansion, is responsible for the increase from 8,2 per cent (January 2007) to 20,5 per cent (December 2010) of the unemployment rate In December 2010, the last year of this investigation, unemployment stood at 20,5 per cent with no relief in sight. At the time of writing, the latest available data for Spain announce an unemployment rate of 25,1 per cent in August 2012. Sweden's unemployment rate started to rise in August 2008 from 5,9 per cent and experiences unsteady up- and downward movements peaking in April 2010 at 9,1 per cent. Since then, the unemployment rate slightly recovered and decreased until December to 7,8 per cent. The unemployment rate in Austria was by far more constant. At all periods analysed it was well beneath the unemployment rates of Spain, Sweden and the EU average. It was not until October 2008 that the unemployment rate started responding to the deteriorating economic context. It rose slightly but steadily from 3,7 per cent in October 2008 until it peaked approximately one year later, in September 2009, at still very low 5,2 per cent. Since then it improved continuously reaching 4,2 per cent in December 2010
Beschreibung:Description based on publisher supplied metadata and other sources
Beschreibung:1 online resource (54 pages)
ISBN:9783954896509
9783954891504

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