Home > Uncategorized > Employment, European Union, third quarter 2013, lost generation edition

Employment, European Union, third quarter 2013, lost generation edition

Today, Eurostat published data on employment in the European Union, third quarter 2013. Some highlights:

Among those Member States for which data are available, Portugal (+1.2%), Ireland (+1.1%), the United Kingdom (+0.6%) and Luxembourg (+0.5%) recorded the highest increases compared with the previous quarter, while Estonia and Lithuania (both -1.5%), Cyprus (-1.4%), Finland (-1.2%) and Greece (-0.7%) registered the largest decreases

It is interesting to compare the Eurozone with the non-Eurozone:

employment

And a little meta:

These quarterly data on employment provide a picture of labour input consistent with the output and income measure of national accounts

For a little perspective: this graph from The Atlantic shows how long it can take for a country to restore employment after a severe crisis (Spain, Ireland, increasingly Italy, the Baltics, Portugal): a generation.

economix-06historicalfinancialcrises-blog480

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