Job prospects in Europe: where are the best jobs? {Trend! Study}

"Where is the best country in Europe to get a job?" Asks a study by Glassdoor Economic Research and provides an overview of the job market prospects in Europe.

"Where Is The Best Country In Europe To Get A Job?"

The unemployment rate in Germany is at an all-time low. Accordingly, the job prospects for the German workforce are also very good in international comparison. As the latest Glassdoor study “Where Is The Best Country In Europe To Get A Job?” shows, there is no lower unemployment rate in any other EU country, in Europe the unemployment rate is only lower in Norway and Switzerland.

The study was conducted by Glassdoor Economic Research in collaboration with Llewellyn Consulting and takes a look at the labor market outlook in 16 European countries.

The service sector is growing

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In addition to the employment rate, various other aspects of the labor market are considered, such as the quota of involuntary part-time workers, the share of fixed-term contracts, the lack of youth unemployment or changes since the start of the global financial crisis in 2008. The study gives an insight into the different working environments of Europe and shows where the chances for employees are best.

In general, it turns out that the Significance of the service sector has increased sharply across Europe. In every labor market considered, at least two-thirds of all employees work in this sector. In addition, it is evident that clear it is easier to move from a low-wage job into a well-paid job than straight out of unemployment.

Employment rate in Germany today is higher than before the crisis

Compared to the time before the financial crisis, the employment rate in no other European country has developed as positively as in Germany. The rate increased between the end of 2007 and the end of 2014 in this country despite the Crisis even improved by 2,8 percentage points.

Only in Austria and Switzerland is an improvement in the unemployment rate observed during the same period. The labor markets in Greece (-10,8 percentage points), Spain, Ireland and Portugal are still particularly affected by the crisis.

Germany with catching up demand for temporary contracts

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In southern Europe - especially in Spain and Greece - not only the unemployment rate but also youth unemployment is dramatically high. In the two countries, around 50 percent of the young People without employment. In Germany, on the other hand, the unemployment rate is well below the OECD average and nowhere else in Europe is it lower Boy people without a job than in this country.

The share of fixed-term employment is different. Here, Estonia (3 percent) and the UK (6 percent) are by far the leading places, whereas the proportion of fixed-term contracts and temporary work in Germany is at 13 percent, which is even slightly above the OECD average. Even higher is the number of young workers up to 24 years.

Estonia and Norway in the top spot

Here, Germany is at the upper end of the scale and is well above the OECD average, with 50 percent, while in Estonia and the UK, well below 20 percent of young employees have a fixed-term contract. However, the value for Germany can also be explained by the fact that training conditions play a major role here and that time-limits for the corresponding contracts are the norm.

The proportion of workers who are involuntarily working part-time has increased in most countries since 2008, with the exception of Germany, Belgium and Sweden. In Germany, the involuntary part-time employees account for around 4 per cent, while the share in Estonia and Norway is lowest among 2 per cent. The following table summarizes six indicators for the labor market outlook.

Where are the best jobs?

When all factors considered are balanced, Estonia, Norway, Great Britain and Austria offer job seekers the best prospects in Europe. Similar to Germany, many things work better in these countries than in the rest of Europe with regard to the labor market. From the quality of the workforce to the Vocational Training and labor market policy. The labor market in France, for example, is much more regulated than in Germany (since the Hartz reforms in 2003). This is one reason for the comparatively poor overall job prospects in our neighboring country.

Germany is 0,1 points behind the leader and has a score of 0,8 – with 1,0 being the best possible and 0 being the worst. The overall value determined is based on a summary of the six equally weighted individual indicators, taking into account the min-maxMethod.

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