Magazine article European Social Policy

Employment : Lisbon Targets Ripe for Renewal

Magazine article European Social Policy

Employment : Lisbon Targets Ripe for Renewal

Article excerpt

The European Commission is preparing an announcement' concerning the revision of the Lisbon targets before the June European Council, an official of the EU executive said, on 26 March. He was commenting on the findings of a research study, initiated by Randstad (the world's second largest human resources services provider) and conducted by researchers from the University of Amsterdam. The document, which was presented at the European Business Summit, says that not only the Lisbon targets will not be met in the short term, in the longer run the targets are not sufficient to match labour demand. The main reason cited is the ageing of the population.

The Lisbon target of an overall 70% employment rate and 4% unemployment rate in the EU by 2010 will not be met, the study says. In 2008, the overall employment rate was 66%. To "close the gap" between this latter figure and the projected need for a 78% employment rate in 2050, the EU should introduce more incentives for women and elderly workers to stay on the labour market. …

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