EU Employment and Social Situation: Quarterly Review analyses deepening social crisis

EU News 154/2013

IP/13/282
Brussels, 26 March 2013

The employment and social situation in the EU remained critical in the fourth quarter of 2012 with employment receding overall and unemployment rising further, while households' financial situation remained serious according to the European Commission's latest Employment and Social Situation Quarterly Review. The adverse effects of public budget cuts and tax increases on employment and living standards are increasingly apparent in certain Member States. The Review also notes that net immigration from outside the EU has slowed down and that the crisis has adversely affected fertility.

Source and additional information:
http://europa.eu/rapid/press-release_IP-13-282_en.htm?locale=en

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