Darvas, Zsolt, Pichler, David, (2017), “Employment in Europe and the US: the EU’s remarkable strength”, Bruegel, 28 September
The common narrative that the US labour market outperforms the EU is not as trustworthy as overall unemployment figures imply. There is a complex interaction between job creation, labour force participation and unemployment. Jobseekers leaving the labour market altogether was an important factor behind the reduction in US unemployment, while Europe’s job growth has been accompanied by increased labour force participation.
Relevant Posts
- Eurostat/Employment up by 0.4% in both the euro area and in the EU28/13 September 2017
- Gürkaynak, Refet, Weil, Philippe, (2017), «Eurozone economic recovery: Humming along just fine», VoxEU, 24 August