European Jobs Monitor 2013

Stock.xchngEurofound has just published the European Jobs Monitor 2013 entitled, “Employment polarization and job quality in the crisis.”

According to the report the destruction of employment during the crisis has been sharpest in mid-paying jobs, while sparing in large part jobs at either end of the wage distribution. Higher paid jobs in service sectors in particular have proved most resilient.

New well-paid employment has come primarily in knowledge-intensive service sectors, such as ICT, business consultancy, health and education. During the peak period of the recession (2008–2009), employment growth in well-paid jobs was concentrated in predominantly publicly funded service sectors, principally health and education, but has shifted to private sector services more recently (2011-12).

The recession intensified the catch-up process of women in the labour market, both in terms of employment numbers and access to the higher layers of the employment structure. Women have increased their employment share, particularly in ‘mid-paid’ and ‘good’ jobs (those in the higher quintiles).

An alarming illustration of the damage caused by the crisis to the prospects of younger, labour market entrants is that over the last year more of the net EU growth in well-paid, third-level graduate jobs was accounted for by those in the post-retirement age group (65+) than by workers under 30.

Download the report here.