Employment in the EU is projected to grow by about 2% over the period 2013-2020 but the (EU’s) target of 75% of people aged 20 to 64 being in a job by 2020 looks beyond reach.
This is the result of the crisis, followed by a modest recovery and average GDP growth rate in the EU of 2.0% a year. But there are big differences in the forecasts for employment growth in the different Member States. In Luxembourg, employment should grow by just over 1% a year between now and 2020. In contrast, in Germany, employment is expected to fall by 0.2% a year.
These data come from the baseline scenario of Cedefop’s latest skill supply and demand forecasts, which are now available online. The forecasts cover the period 2013 to 2025, but as the mid-point of Europe’s 2020 strategy, launched in 2010, approaches, this analysis uses the forecast data to consider whether the EU’s benchmarks for employment and educational attainment set out in the strategy, will be met by 2020.
More information can be found here