European Labour Market Essay Example | Topics and Well Written Essays - 5250 words

europiuman Labour Market - Essay Example(Theil, 2008, p. 76)Un profession in Europe has been shown to be worrying phenomena based on the fact that to a greater extent than 20 million masses are unemployed in the continent. But the nearly worrying fact has been that this is only affect both(prenominal) segment of the society and especially based on ethic factors. Fore example it has been shown the Italy is one of the European countries where the level of unemployment is affecting some segment of the population and it has been closely liked to certain companionable components. It has been shown most o the region in Europe with has excess labour supply with exception of France and Spain enjoys full employment while others have very high rate unemployment. (OECD 1997, p. 3)But there is a close blood between economic performance and the level of unemployment in these European counties. It is to be launch the unemployment and economic crop are two non-integrated factors and which are derived by the same autogressive united roots that are present in majority of the growth models. Economic growth and unemployment of any nation are positively correlated and it willing be found that in the short run economic growth and unemployment relates in away that the rest rate unemployment rate relates to a decline in the economic growth rates of the country as postulate in the Okuns law. According to studies that have tried to relate the two factors in the European market, it has been found that Okuns coefficient is in line with the estimate of the all the countries in Europe except UK whose label market looks to a greater extent flexible in the way it accommodates transitory shocks compare to the European labour markets. (Pia 2006, p. 3)The pattern of unemployed in Europe has been attributed to other factor including the social stature of the individuals who depend on the participant the economic clay of production and exchange in the society. The high rate of unemplo yment has therefore led to loss of some social aspects that have acted as the social fabric and hence the more people lose their social values, the more the effect is spreading even to those who are not affected. It has grown from an economic problem to take a social dimension.This paper will look closely at levels of unemployment in France in order to get a line the level of unemployment as contributed by economic polices and the labour laws of the countries. It will look at unemployment statistics and relate them to economic theories.Unemployment in FranceFranc has been one of the largest economies in the world and by 2005, it was estimated the France had a GDP of $1.862 trillion according to the innovation Bank report which was measure in terms of purchasing power parity. In 2008, CIA Word Factbook rated France parsimoniousness to be more than $2.067 trillion which means that it was ranked at the eighth targets economy. But the economy of France is rove at sixth position by b oth World Bank and the International Monetary stock certificate and much other survey have ranked France in the third position in Europe behind German and the UK but in 2006 it was ranked ahead of UK in the second position.The economy of Fran