by How are the EU and the Euro Area doing? some graphs about the labour force. Main points: Very fast employment and labour force growth in Germany during the last year (‘despite’ the new the minimum wage in many sectors). The labour force is increase is not just about refugees but to quite an extent about non-German inhabitants of the EU. Mind the employment decline after the Harz reform’ around 2001. I’m not sure if the fast increase also shows in the data of the Statistisches Bundesamt.A large difference between Germany and the rest of the Euro area. Germany had a much, much shorter crisis (partly thanks to exports to China). Low employment growth and employment declines led to a much lower increase in the labour force everywhere. A very bad thing – dreams are thwarted, young people can’t start families, mortgages can’t be paid. Etcetera. The UK did quite well, too. The non-Euro area except the UK did bad. But not nearly as bad as the non-German Euro area. Detailed data show that population declines are starting to have a considerable influence in many countries. Together, these data are powerful backing for the idea that the (response to) the financial crisis inflicted massive, absolutely massive permanent damage to Europe.
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How are the EU and the Euro Area doing? some graphs about the labour force. Main points:
Very fast employment and labour force growth in Germany during the last year (‘despite’ the new the minimum wage in many sectors). The labour force is increase is not just about refugees but to quite an extent about non-German inhabitants of the EU. Mind the employment decline after the Harz reform’ around 2001. I’m not sure if the fast increase also shows in the data of the Statistisches Bundesamt.
A large difference between Germany and the rest of the Euro area. Germany had a much, much shorter crisis (partly thanks to exports to China).
Low employment growth and employment declines led to a much lower increase in the labour force everywhere. A very bad thing – dreams are thwarted, young people can’t start families, mortgages can’t be paid. Etcetera.
The UK did quite well, too.
The non-Euro area except the UK did bad. But not nearly as bad as the non-German Euro area. Detailed data show that population declines are starting to have a considerable influence in many countries.
Together, these data are powerful backing for the idea that the (response to) the financial crisis inflicted massive, absolutely massive permanent damage to Europe.
