EU ECONOMY: A STEADY JOB MARKET, FOREIGN INVESTMENTS ON THE RISE

Economic uncertainty transpires from the statistics presented in Brussels today. A survey of the job market by the EU Commission shows that, "overall, it keeps performing well", but the rise in employment of the early 2008 seems to be slowing down. At the end of last year – states the document by the EU Executive –, overall employment had grown by 3.3 million jobs from 2006": 24.5 million people were working versus 16.1 million out of work. However, after last year’s sustained rise in employment, that of the early 2008 has been halved down. Overall the unemployment rate remains moderate, but it will probably not improve either in the short term. Other outstanding statistics concern foreign investments. "In 2007, direct investments from the 27 member states to third countries", the so-called outflows, increased by 53%, from 275 billion euros in 2007 to 420 billion euros". Investments from third countries to the EU (inflows) instead "increased by 89%, from 169 billion euros to 319 billion euros". Last year, intra-EU capital flows increased by 13% as well. Exchanges of capitals between the EU and the USA are also very intensive, while those between the EU and China are still fairly slow.

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