Better human capital facilitates withdrawal from recession: EU report
Xinhua, January 16, 2015 Adjust font size:
Countries which have provided high quality jobs, social security, and invested in human capital have proved more resilient to the economic crisis, a report from the European Union (EU) said on Thursday.
The report, called the 2014 Employment and Social Developments in Europe Review, stressed the need to invest in developing the appropriate skills for the workforce to support productivity.
The report has looked into the lessons learnt from the recession; countries with more open and less segmented labor markets and with stronger investment in lifelong learning felt less of a negative impact on employment and incomes during the recession than other countries.
Marianne Thyssen, commissioner for employment, social affairs, skills and labor mobility, commented: "We need further investment in people to better educate, train and activate Europeans for the labor market. The Investment Offensive of the Juncker commission will help make a real and substantial difference in these crucial areas." Endit