The World Economic Forum (WEF) has warned that a lost generation of jobless youth in the eurozone could tear Europe apart if policymakers fail to address the chronic levels of unemployment. The warning came on Friday, as the WEF presented its outlook on the global agenda for 2014. “There is a growing consensus on the fact that unless we address chronic joblessness we will see an escalation in social... 

Spain’s unemployment has increased sharply in October, leaving some 87,000 more Spaniards without work, data from the labor ministry shows. The ministry released the data on Tuesday, putting the number of registered jobless last month at 4.81 million. The increase followed another rise in September of over 25,000 people. Analysts say the reason for the two months of decline is due to layoffs in... 

Reducing the working week from 40 hours to 30 is not what all employees exactly crave, but it could be economically beneficial, the New Economics Foundation says. Fewer working hours would create more jobs, improve health and stimulate social life. Modern life provides people with a number of opportunities as never before. However, work consumes free time and drains energy. In order to decrease working... 

Amaya Muñoz cries in the arms of friends on being evicted from her home; the operation was conducted by 100 police officers. This is the mirror image of the horror affecting countless families across Spain, who are losing their jobs and their homes in the most shocking wave of austerity. Amaya Muñoz is the drama of the Spanish population facing austerity policies: she is jobless and homeless. “You... 

A Siemens employee works on a rotor of a gas turbine in a plant in Berlin The German powerhouse in electronics and electrical engineering, Siemens AG, is planning to axe 15,000 jobs over the next year as the economic crisis in Europe continues to worsen. “The ongoing and planned workforce adjustments in the context of Siemens 2014 are about 15,000 positions worldwide, of which about 5,000 are in... 

Tens of thousands of Polish demonstrators and trade unionists have marched through Warsaw Saturday after four days of protests against Prime Minster Donald Tusk’s center-right government. The Solidarity trade union movement has been planning to send 100,000 of its members on the march and they are expected to be joined by two other unions with hundreds of busses already converging on Warsaw. First... 

The number of people living on less than $2 a day per person increased from 636,000 in 1996 to about 1.65 million in 2011. The number of Americans living on less than $2 a day per person, soared by 160 percent from 1996 to mid-2011, a new report finds. The report by the National Poverty Center (NPC) indicates that the number increased from 636,000 in 1996 to about 1.65 million in 2011. The figure of... 

Native Britons are less likely to have higher levels of education and employment than immigrants, new figures have revealed. According to the Office for National Statistics (ONS), 21 percent of foreign nationals were employed in banking, finance and insurance, compared with 17 percent of British nationals. Moreover, nearly 40 percent of foreign nationals gained qualifications at degree standard or... 

Protesters attend a demonstration in Athens, Greece, July 8, 2013. Tens of thousands of Greek municipal workers have staged a strike to protest against the massive public sector layoffs enacted by the government in order to secure promised loans. Greek civil servants including policemen and schoolteachers took to the streets outside the Administrative Reform Ministry in Athens on Monday, as the government... 

Italy’s unemployment rate has risen to a new record high in May as the country is struggling with a recession-hit economy following implementation of tough austerity cuts. The Rome-based national statistics office, Istat, said on Monday that the jobless rate rose to 12.2 percent in May from 12 percent in April, the highest since the institute started collecting data on Italy in 1977. The eurozone’s... 

Commenting on the situation of Latvia’s immigrants, a prominent Latvian professor admitted that the country is not ready for such a large number of immigrants. “The Chinese are very active in moving to Latvia – only this year alone, at least 500 families migrated to Latvia. We are absolutely not ready. These families are moving along with their children, many of whom have no school... 

People waiting in line at a government employment office in Spain. Fresh data reveal the eurozone unemployment rate has hit a record high of 12.2 percent in April, with around 19.2 million receiving government financial assistance as recession continues to take its toll on European economies. The Eurostat data agency said on Friday that a total of 1.6 million people have lost their jobs in the eurozone... 

Young Spaniards protesting against the government in Madrid. European leaders have warned that youth unemployment in the European Union (EU) must be tackled urgently, as nearly one in four young people in the bloc is out of work. At a conference in Paris on Tuesday, ministers from France, Italy and Germany said if the issue is not addressed at once, the young people in Europe will lose faith in their... 

Rise: A man walks outside a Greek Manpower Employment Organisation office,in central Athens. Greek youth unemployment rose above 60 percent for the first time in February Greek youth unemployment rose above 60 per cent for the first time in February, reflecting the pain caused by the country’s crippling recession after years of austerity under its international bailout. Greece’s jobless... 

Thousands of demonstrators in Madrid take part in a Labor Day protest against the Spanish government’s austerity policies, May 1, 2013. Thousands of protesters have staged rallies in Spain to express resentment against austerity measures, recession and the soaring rate of unemployment in the country. Spaniards took to the streets in some 80 cities in trade union-organized Labor Day demonstrations...