Austrian regions of Tyrol and Salzburg less than all of Europe are experiencing problems with the labor shortage. In 2012 the unemployment rate in both regions was only 2.5%. Slightly worse situation was in Germany with regions with unemployment at 2.7-2.9%. The top ten also includes trouble-free regions of Upper Austria (2.9%) and Styria (3.2%), informs portal Austrian Independent.
In the overall ranking of European regions, where the unemployment rate did not exceed 5.2%, the leaders are Germany (22 regions), Netherlands (7), United Kingdom (5) and Belgium (4). On the other hand, 25 European regions have unemployment rates above 20%: 11 Spanish, 10 Greek and 4 French regions.
Worse things are in Spain, where 38% of the population are unemployed. In Andalusia, Extremadura and the Canary Islands things are not much better - 34% and 33% respectively.
The unemployment rate is important for the real estate market. For example, in Greece, problems with work, caused by the economic crisis, resulted in the collapse of the housing market. Tenants simply could not pay the price to rent a house. In Spain, the same problems have led to a reduction in demand for real estate.