Some groups have been finding it particularly hard to find work, not just since the recession but for many years. The European labour market has been polarising, with mid-skill jobs disappearing as high-skill and low-skill jobs take over.
Europe needs to significantly increase in its employment rate in order to tackle its cyclical and structural unemployment problems, and to create more high-productivity, well-paid jobs. To do so, we must do more to develop the skills of young people who do not go through university, and to help individuals to update their skills throughout their working lives. At the same time, people need to be incentivised to acquire new skills and firms must be encouraged to utilise those skills.