wallonia unemployment rate

The port of Ghent, in the north of the city, is the third largest port of Belgium. In Flanders, unemployment remains low, at 2.9%, whereas in Brussels and Wallonia, the … Brussels also has many commuters, with 230,000 coming from Flanders, and 130,000 from Wallonia. The Illinois Department of Employment Security (IDES) announced today that the unemployment rate increased +0.7 percentage point to 7.6 percent, while nonfarm payrolls were nearly unchanged, down -2,500 jobs in December, based on preliminary data provided by the U.S. Bureau of Labor Statistics (BLS) and released by IDES. The economy of Belgium is a modern, capitalist economy that has capitalised on the country's central geographic location, highly developed transport network, and diversified industrial and commercial base. Nonetheless, most traditional industrial sectors are represented in the economy, including steel, textiles, refining, chemicals, food processing, pharmaceuticals, automobiles, electronics, and machinery fabrication. Chart 5: Unemployment rate … [18] Foreign companies in Belgium account for approximately 11% of the total work force, with the U.S. Unemployment and employment. Generalized map of … [30] Charleroi is also known for its publishing industry with Dupuis, one of the main publishers of Franco-Belgian comics, located in Marcinelle. Against this grim backdrop, in 1982, Prime Minister Martens' center-right coalition government formulated an economic recovery program to promote export-led growth by enhancing the competitiveness of Belgium's export industries through an 8.5% devaluation. Consequently, as German interest rates rose after 1990, Belgian rates have increased and contributed to a decline in the economic growth rate. Belgium's trade advantages are derived from its central geographic location and a highly skilled, multilingual, and productive work force. Belgium switched from the Belgian franc to the Euro as its currency after 1 January 2002. According to an analysis from the Walloon Institute for Evaluation, Prospective Studies and Statistics (IWEPS, 2013), the economic slowdown since 2008 has indeed mainly impacted the level of productivity. Chart 4: Unemployment rate of people aged 15-64 according to sex. When Belgium emerged from World War II with its industrial infrastructure relatively undamaged thanks to the Galopin doctrine, the stage was set for a period of rapid development, particularly in Flanders. The Belgian Government encourages new foreign investment as a means to promote employment. The employment rate represents employed persons as a percentage of the same age population. In 1980 the unemployment rate in Wallonia was 14.5 percent. Furthermore, Walloon voters do not have a fundamentally different outlook on socioeconomic or political topics. In 2006 Liège Airport was the 8th most important cargo airport in Europe. The situation has been reversed since the third quarter of 2017 due to the faster decline in the female unemployment rate than in the male unemployment rate (chart 4). Starting in 1817, John Cockerill extensively developed the iron and steel industry. When an economy begins to improve after a recession, for example, the unemployment rate may continue to worsen for some time. Despite the heavy industrial component, services account for 74.9% of GDP, while agriculture accounts for only 1% of GDP.[18]. The letter also expresses concerns that the directive allows individuals under the age of 30 to obtain work authorization, citing the Bureau of Labor Statistics in noting that the unemployment rate for young adults aged 16 to 24 has been nearly 17 percent for the past year. In the Middle Ages, Wallonia became a center for brass working and bronze working, with Huy, Dinant and Chimay being important regional centers. Using post-electoral survey data, Jaak Billiet et al. In 2008, the per capita income (PPP) was $37,500. The economic inequalities and linguistic divide between the two are major sources of political conflict in Belgium. Using the AAPOR response rate calculator, this translates to a Response Rate 1 of 49 percent. Annually about 2.5 million day tourists visit the city and in 2007 there were about 1.4 million overnight stays. [18], Although Belgium is a wealthy country, public expenditures far exceeded income for many years, and taxes were not diligently pursued. Unemployment Rate in Albania averaged 14.82 percent from 1993 until 2020, reaching an all time high of 22.30 percent in the fourth quarter of 1993 and a record low of 11.60 percent in the fourth quarter of 2019. If you have exhausted regular unemployment benefits, a Pandemic Emergency Unemployment Compensation (PEUC) claim will be filed for you and up to 13 additional weeks of PEUC benefits will be added to your balance. 2.84% WALLONIA VACANCY RATE. Employment rate increases faster for women than for men. Unemployment rate was 16.9% for people aged 15 to 24, 5.8% for people aged 25 to 49 and 4.3% for people aged 50 and over in the first quarter of 2018. Due to its pristine medieval city centre, Bruges has become a popular tourist destination. On 1 May 1998, Belgium became a first-tier member of the European Monetary Union. One of the founding members of the European Community, Belgium strongly supports deepening the powers of the present-day European Union to integrate European economies further. The Belgian authorities are, as a rule, anti-protectionist and try to maintain a hospitable and open trade and investment climate. Data refer to … This represents a slight decline of 0.3 percentage point compared to the fourth quarter of 2017. About half of the people aged 55 and over are in employment. [18] Industry is concentrated mainly in the populous Flanders in the north, around Brussels and in the two biggest Walloon cities, Liège and Charleroi, along the sillon industriel. [citation needed]. Indeed, Flemish and Walloon economies differ in many respects (consider for instance Eurostats and OECD statistics), and cities like Brussels, Antwerp, Liège, Bruges, Charleroi or Ghentalso exhibit significant differences. The early 1980s saw the country facing a difficult period of structural adjustment caused by declining demand for its traditional products, deteriorating economic performance, and neglected structural reform. Division of Labor. Unemployment rate decreases in all age groups, but the decline is the strongest for young people and people aged 50 and over (chart 5). In the first quarter of 2018, 49.6% of people aged 55 and over were employed, compared to 46.2% a year earlier. Visit the COVID-19 page for the latest info. Consequently, the 1980–82 recession shook Belgium to the core—unemployment mounted, social welfare costs increased, personal debt soared, the government deficit climbed to 13% of GDP, and the national debt, although mostly held domestically, mushroomed. In the first quarter of 2018, the employment rate of people aged 20 to 64 amounts to 61.5% in Brussels, 73.9% in Flanders and 63.6% in Wallonia. Although now a shadow of its former self, steel production and the manufacture of steel goods remain important. [18], Foreign investment contributed significantly to Belgian economic growth in the 1960s. There are also significant differences in regional unemployment levels: 2.9 percent in Flanders, against 7.2 percent in Wallonia and 11.8 percent in Brussels. Belgian per capita GDP ranks among the world's highest. [18] A slight decrease in the accumulated public debt compared to GDP has been seen, however, thanks to a higher economic growth rate compared to the budget growth rate, which pushed the percentage from 99% of GDP in 2009 to 95% of GDP in 2011, a four-point decrease in two years, a feat rare enough to mention in the Western World. Charleroi features an industrial area, iron and steel industry, glassworks, chemicals, and electrical engineering. 3.2. Employment rate is on the increase in the three regions. In general, productivity in Flanders is roughly 20% higher (per inhabitant) than in Wallonia. As a consequence of high wage costs, employers have tended to invest more in capital than in labor. This represents a slight decline compared to the fourth quarter of 2017 when unemployment rate amounted to 6.4%. On Dec. 27, 2020, the federal stimulus that changes and extends CARES Act unemployment benefits was signed into law.  Since then, it gradually improved as businesses have attempted to reopen safely, … A new passenger terminal was opened in 2005. The Belgian Government reacted to the 1973 and 1979 oil price hikes by hiring the redundant work force into the public sector and subsidizing industries like coal, steel, textiles, glass, and shipbuilding, which had lost their international competitive edge. Unemployment in Wallonia is mainly structural, while in Flanders it is cyclical. The national unemployment figures mask considerable differences between Flanders and Wallonia. Wallonia is rich in iron and coal, and these resources and related industries have played an important role in its history. In the first quarter of 2018, 73.8% of men aged 20 to 64 work against 64.8% of their female counterparts. According to the 2019 Labour Force Survey, the unemployment rate in Flanders is 3.3%, compared with 6.9% in Wallonia (Statbel 2019b). 69.3% of people aged 20 to 64 are employed; this percentage among people aged 55 and over is just under 50%. Unemployment Rate in Albania decreased to 11.60 percent in the third quarter of 2020 from 12.50 percent in the second quarter of 2020. Begonias have been cultivated in the Ghent area since 1860. The federal government has managed to present balanced budgets in recent years, but public debt remains high, at 99% of 2009 GDP. With exports equivalent to over two-thirds of GNP, Belgium depends heavily on world trade. [28] Tourism is also a major component of the economy of Bruges. Belgium was the first country to undergo an industrial revolution on the continent of Europe in the early 19th century and has since developed an excellent transportation infrastructure of ports, canals, railways, and highways to integrate its industry with that of its neighbours. In the first quarter of 2017, unemployment rate was still higher for women (8%) than for men (7.6%). Unemployment in Belgium down by 8.5%. ( [18], Belgium's unemployment rate was 6.5% in 2008. While the employment rate is increasing in all age groups, the increase is strongest for the people aged between 55 and 64 year (chart 2). In the first quarter of 2018, unemployment rate was 5.8% for women and 6.5% for men. Belgium began circulating the euro currency in January 2002. In the 12th and 13th centuries, the iron masters of Liègedeveloped a method of refining iron ore by th… 43,000 sq m TOTAL WALLONIA TAKE-UP IN H1, A SUPERIOR LEVEL TO THE ANNUAL AVERAGE OVER PREVIOUS FIVE YEARS. In general, productivity in Flanders is roughly 20% higher (per inhabitant) than in Wallonia. Brussels' GDP per capita is much higher than either region, although this is in many ways artificial, as many of those that work in the Brussels-Capital Region live in Flanders or Wallonia. Strong decrease in unemployment rate for young people and people aged 50 and over. Current Monthly Unemployment Rates Page Content (includes current, previous and year ago monthly unemployment rates for State, U.S., Metropolitan Areas, Counties, Cities, Micropolitan Areas, Combined Areas, Local Workforce Areas and Economic Development Regions) Although unemployment rate is evolving positively in all three regions, large differences remain: in Flanders 3.6% of the labour force is unemployed, compared to 8.9% in Wallonia and 13.3% in Brussels (chart 6). Note: Rates shown are a percentage of the labor force. Except for its coal, which is no longer economical to exploit, Belgium has few natural resources other than fertile soils. The Flemish unemployment rate is 5.0%, in Wallonia it is 10.2%. The employment rate as part of the Europe 2020 Strategy represents the share of persons employed in the population aged 20 to 64. The southern region continues a difficult transition out of sunset industries (mainly coal and steel), while sunrise industries (chemicals, high-tech, and services) dominate in Flanders. The unemployment rate according to the definitions of the International Labour Office amounted to 6.2% in the first quarter of 2018 (see definitions under ‘Metadata’). In April, after governments shut down the economy, the unemployment rate reached 14.7%, the highest since the Great Depression. The number of people claiming unemployment benefit in Belgium fell again last year, for the fourth year running. It is accessed by the Ghent–Terneuzen Canal, which ends near the Dutch port of Terneuzen on the Western Scheldt. A total of 4.99 million people make up Belgium's labor force. Today, Wallonia has an unemployment rate of 14 percent, and economists consider unemployment in Wallonia to be structural, making it dif cult for the economy or job market to . However, there were real regional differences within … In particular, U.S. firms played a leading role in the expansion of light industrial and petrochemical industries in the 1960s and 1970s.[18]. [27] It also is the world's largest port for the import and export of new vehicles. Strong decline of the unemployment rate. Liège Science Park south east of the city, near the University of Liège campus, houses spin-offs and high technology businesses. In 2019, the rate of unemployment in Belgium was 5.4 percent – the lowest it had been in a decade. Unemployment rate 15 to 64 years old (%), 2017 7.2 5.5 4.4 12.5 Health Life Expectancy at birth (years), 2016 81.5 80.4 82.6 79.8 Age adjusted mortality rate (per 1 000 people), 2016 7.5 8.1 6.9 8.7 Community Perceived social netw ork support (%), 2013 92.5 91.4 94.5 90.2 Safety Homicide Rate (per 100 000 people), 2016 1.5 1.3 1.0 2.2 Life Satisfaction Of course, it is worth mentioning Brussels too: it has a role as a Belgian cogwheel, almost above the bickering Flemish and Walloons. Compared to the first quarter of 2017, the employment and unemployment rates evolve very favourably. Wallonia now suffers from high unemployment and has a significantly lower GDP per capita than Flanders. Charleroi is in the center of a vast coal basin, called Pays Noir. At the end of 2017 there were just over 480,000 people in Belgium that were unemployed. Unemployment rate has also evolved positively. In 1992–93, the Belgian economy suffered the worst recession since World War II, with the real GDP declining 1.7% in 1993. However, this EU2020 indicator increased strongly (+1.6 percentage point) compared to the first quarter of 2017. It has a number of regional headquarters of multinational corporations. But the capital is largely excluded from the economic arguments between the two sides. The economy of the region is now diversified, the most important centers are mechanical industries (aircraft engine and Spacecraft propulsion), space technology, information technology, biotechnology and also production of water, beer or chocolate. The unemployment rate is the percent of the labor force that is jobless. Lower unemployment rate for women than for men. Much of the success of Brussels is based on the high educational skills of its workforce. It peaked at 8.7% of the labor force in April 2006, its highest level over The postwar boom years, enhanced by the establishment of the European Union and NATO headquarters in Brussels, contributed to the rapid expansion of light industry throughout most of Flanders, particularly along a corridor stretching between Brussels and Antwerp, which is the second largest port in Europe after Rotterdam. The unemployment rate amounts to 6.2% compared to 7.8% in the first quarter of 2017. It is Europe's largest port for RoRo traffic[26] and natural gas. With regional devolution, Flanders, Brussels, and Wallonia are now courting potential foreign investors and offer a host of incentives and benefits. The European Commission negotiates on trade issues for all member states, which, in turn lessens bilateral trade disputes with Belgium.[18]. In ancient times, the Sambre and Meuse valley was an important industrial area in the Roman Empire. Economic growth rose from 2% in 1984 to a peak of 4% in 1989. There are also significant differences in regional unemployment levels: 4 percent in Flanders, against 9 percent in Wallonia and 13.5 percent in Brussels. Economic growth and foreign direct investment dropped in 2008. However, thanks to Belgium's high personal savings rate, the Belgian Government financed the deficit from mainly domestic savings, minimizing the deleterious effects on the overall economy.[18]. The industrial complex of Seraing was the largest in the world. Once you have filed a claim for regular unemployment benefits, return to this page and click, Next Steps to read what happen next. The federal government ran a 7.1% budget deficit in 1992 at the time of the EU's Treaty of Maastricht, which established conditions for Economic and Monetary Union (EMU) that led to adoption of the common Euro currency on 1 January 2002. 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