Comparing the euro area and U.S. labor market recoveries during ...

Comparing the euro area and U.S. labor market recoveries during COVID-19 ... He also cites differences in employment, as U.S. jobs decreased 12 percent from the ...

How Have the Euro Area and U.S. Labor Market Recoveries Differed?

In the United States, the unemployment rate surged from 3.5 percent in February 2020 to 14.7 percent in April, while the euro area rate stayed ...

Labor Force Participation and Hours Recovery: U.S. vs. Europe

Apart from Poland and Romania in Eastern Europe, the U.S. saw the largest per capita GDP growth when compared to our sample of 10 EU member ...

Labour productivity growth in the euro area and the United States

It therefore had a significantly stronger impact on the industry sector in the euro area, where output growth slowed and employment remained high. Across the ...

How Have the Euro Area and U.S. Labor Market Recoveries Differed?

Abstract: The initial phase of the pandemic saw the euro area and U.S unemployment rates behave quite differently, with the rate for the United ...

The post-pandemic recovery – why is the euro area growing more ...

Real GDP growth has been notably weaker in the euro area than in the United States since the start of the pandemic.

Comparing U.S. and Euro Area Unemployment Rates

However, the outperformance of the U.S. labor market as measured by unemployment rates is overstated. Employment relative to the population has declined in the ...

Tight euro area labour markets after Covid-19: The role of ... - CEPR

This column uses estimation of Beveridge curves across the euro area to show that the deterioration in matching efficiency has contributed only ...

The Fed - Why is the U.S. GDP recovering faster than other ...

(2023) for the U.S. and the euro area, based on a methodology proposed by Chodorow-Reich and Wieland (2020). We can see that that during the ...

Europe: Turning the Recovery into Enduring Growth

Compared to the United States, the average EU per capita income is around one-third lower than in the United States. This gap is large and has ...

How do Europe and the U.S. compare in their pandemic recoveries?

Both the U.S. and Europe have recovered strongly from the initial shock of the pandemic. But according to a recent Brookings report, they're ...

The US labour market after the COVID-19 recession - EconStor

The recovery of employment has been led by women in both economic areas, particularly in the euro area. Chart B. Unemployment rate. Source: OECD. Note: The ...

Economic adjustment in the euro area and the United States during ...

Both regions experienced a faster recovery than during the global financial crisis. Despite the larger decline in GDP, the labour market in the ...

Labour markets: what explains the resilience?

A). In some jurisdictions, such as the euro area, they are at historical troughs. Exceptions to this pattern are China and Malaysia, where ...

Luncheon Address: Unemployment in the Euro Area

Assuming that, in both the U.S. and the euro area, the labor force participation ratios had remained unchanged compared with 2007 and that the difference to the ...

The U.S. Economic Recovery in International Context - Treasury

U.S. labor productivity has outpaced labor productivity growth in Europe and Japan. Here, labor market policies may be playing a role. The U.S. ...

Two crises, two continents: how the labour-market impacts have ...

The US economy was more resilient against the two recent global crises, while the EU did better in terms of jobs during and after the pandemic.

More have lost their jobs in U.S. than in EU during COVID-19 downturn

In the U.S., the unemployment rate increased from 3.8% in 2019 to 8.6% in 2020, compared with an increase from 6.9% to 7.1% in the EU. The ...

2. European Wage Dynamics and Labor Market Integration

Global value chain linkages outside. Europe (to China and the United States) appear fairly small compared with pan-European linkages and possibly go through ...

The U.S. Labor Market During and After the Great Recession

At the same time, recovery in the labor market has been slow. Although the rate of unemployment has fallen close to pre-recession levels, it has taken nearly ...