ECONOMY

Job Initiative without Success

Swedish Radio reports that one of the centre-right government’s special designed initiatives to get more people into work again has not brought about the success the government had hoped for.

In the beginning of 2008, the so-called “new-start-jobs” were introduced – trying to help long-term unemployed and new immigrants to get a steady employment, while the employer receives double the ancillary labour costs in reward from the state.

But according to the report only a fractional amount of the people who were supposed to get a job actually got employed. With unemployment rates likely to rise in the wake of the global economic downturn, the success of the “new-start-jobs” seems questionable. (ah)