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The European and global job market

The European job market

The European job market

The current job market in the European Union

Current EU regulations enable workers from most member states to migrate to other European countries to seek work. This has made Europe an increasingly popular place for UK graduates to seek work. However over the last three years many European countries have been experiencing low growth and high unemployment. This has created uncertainty as to whether Europe is a suitable destination for UK graduates.

The future of the job market in Europe

In 2012 the European Centre for the Development of Vocational Training commissioned a report looking at the shape of the job market in Europe up to 2020. It is expected that there will be a return to job growth across Europe over the coming years due to improvement in the economic outlook and the need to replace an aging workforce.

The highest growth will be seen where high level skills and qualifications are required such as professional, technical and managerial occupations. This means that the graduate market in Europe should be quite buoyant. However, the highest number of jobs will still exist in the lower skilled sectors but this trend is likely to reverse by 2025.

There is confidence that the following industry sectors will experience the highest growth:
  • Manufacturing and Mechanical Engineering
  • Water, Utilities and renewable energy supply
  • Retail
  • I.T and Communications
  • Banking and Finance
  • Accountancy and Professional services
  • Business consultancy/services

The following industry sectors are also expected to grow but there is less confidence in this: 
  • Pharmaceuticals
  • Construction
  • Automotive
  • Leisure and Tourism
  • Transport and Logistics
  • Insurance
  • Health and Social care
  • Education

The following industry sectors are expected to continue to decline:
  • Agriculture
  • Mining (particularly coal)
  • Textiles
  • Metal goods
  • Electronics
  • Gas supply 
  • Public administration

Find out more

  • Check out vacancies in Europe using our exclusive jobs database or Goinglobal
  • Check out country guides at on Prospects and Goinglobal
  • Consider an ERASMUS work placement to get experience of working in Europe