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More than 23 million people in the EU were unemployed in May 2010 according to the latest statistics published by Eurostat equivalent to 10% of the labour force. Of these, 15.789 million were in the 16 countries in the euro area. In the year since May 2009, unemployment rose by 1.8 million in the EU, and by 1 million in the euro area.

Return to work patterns are often a function of more than financial rewards and 
include such considerations as work availability, family commitments, travel to work 
time and the type of available employment. However, financial incentives are 
important and these depend on the balance between the individual/family’s disposable 
income when employed and when unemployed. 
The replacement rate for given income levels measures the proportion of out-of-work 

Despite signs that the recession is slowing in Ireland as well as in many other countries, the short-term labour market outlook remains grim according to the OECD. In its Employment Outlook 2009, published on September 16, 2009, it states that latest OECD projections indicate a further decline in economic activity in Ireland in 2009, with a muted recovery surfacing only in 2010.

Unemployment in better-off countries could reach 10% of the labour force if the economic recovery fails to gain momentum according to the Organisation for Economic Co-operation and Development (OECD). This would bring the total number unemployed in these countries to 57 million. It has already reache

Work for All: Why and How in a World of Rapid Change by Sean Healy and Brigid Reynolds

September 14, 2001

An Employers' Perspective Turlough O'Sullivan

‘Fairness and Wellbeing’…. At least I think we can all agree that