Growth, employment and the single market – why does it matter?
By removing cross-border barriers to the movement of goods, services, people and capital, the single market increases competition and helps allocate resources more efficiently. This helps increase the level and quality of growth and employment in the EU economy.
The indicators in this section measure the performance of the single market by looking at its growth both in terms of value added and employment. Important social indicators that look at the progress achieved in terms of type of employment (e.g. permanent or temporary), wage development and safety at work complement the performance analysis.
Employment and social indicators
Wage levels and development
This indicator measures annual net earnings in purchasing power standard for people earning 100% of the average earnings of a specific category of households.
The left chart provides data for the EU, the USA, the UK and Japan.
The right chart details the EU growth rates for the three categories of households.
The chart shows improvements to the different categories of earners’ wage levels over time in the EU (single person with no children, one-earner couple with two children and two-earner couple with two children). However, they are somewhat lower on average compared with the UK, Japan and the USA. Nevertheless, compared with 2014, the three categories of EU families earn more: 21.3%, 20.3% and 21.5% respectively.
Health and safety at work
This indicator shows the percentage of active population employed or previously employed who are affected by accidents at work (left chart) and work-related health problems (right chart).
The charts show the EU average and the figures for the EU countries with the smallest (min) and the largest (max) values.
The chart reveals a big difference between accidents at work and work-related health problems as well as methodological differences.
Accidents at work have fallen by a third over the last 15 years, reaching just over 2%. Work-related health problems have experienced a similar decline, but they have unfortunately increased slightly in recent years, reaching just over 10%.