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Private sector job growth

by Jerome a Paris Mon Mar 27th, 2006 at 09:00:05 AM EST

From this OECD Report in French.

More graphs, less text. Nifty. I assume it's expressed in percentages and not some other legend?

I note that in these numbers France and les Pays-Bas are remarkably often brotherly side by side. I didn't keep a tally, but it's starting to get noticeable.

by Nomad on Mon Mar 27th, 2006 at 09:12:17 AM EST
And your thoughts, Jerome, on posting this?

"Once in awhile we get shown the light, in the strangest of places, if we look at it right" - Hunter/Garcia
by whataboutbob on Mon Mar 27th, 2006 at 10:50:49 AM EST
"This chart speaks for itself." </snark>

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Mon Mar 27th, 2006 at 10:51:43 AM EST
[ Parent ]
Well, it does, doesn't it?

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Mon Mar 27th, 2006 at 11:01:18 AM EST
[ Parent ]
Well, you know, I ain't Jérôme but so what?

The OECD report (2003) is about comparing job creation as the effect of the 35-hour working week in France, with other countries. The graph shows that France did fairly well in private-sector job creation (something we've been saying here for eons). Better than the UK, for example, which we've also been saying for eons in the teeth of conventional wisdom as relayed by the pundits and think-tanks.

Ireland and Luxembourg, way ahead of the field, are the tax havens favoured by US corporations for their EU headquarters (allowing them to pay minimum tax before shipping their money back to the States, which gives those two countries an advantage way beyond the others.

That's how I read it.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Mar 27th, 2006 at 11:05:04 AM EST
[ Parent ]
Whatever about Luxembourg and the inflated GDP from US corporations here, a lot of that growth in Ireland is the fruition of lots of EU money and modernising of the economy here. That's  a lot of infrastructure building and so on.  We also have a very young population, so lots of house building too. Luxembourg and Ireland are both tiny as well: I'm sure you could pick regions in Germany and get comparable figures.

I don't think that the US companies profit laundering translates into a lot of jobs here.

by Colman (colman at eurotrib.com) on Mon Mar 27th, 2006 at 11:09:39 AM EST
[ Parent ]
Yep, you're right. I was thinking at the same time of other graphs with Lux and Irl way ahead too, which influenced my words.

Don't the US corporations create jobs, though? Not at all?

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Mar 27th, 2006 at 11:15:52 AM EST
[ Parent ]
Sure, there are a lot of them with operations here but a lot of that predates the low corporation tax regime. I don't think they've been a huge driver of employment. I could be wrong though. Put it this way: the number of jobs claimed by the agencies who used to bring them in has mostly disappeared from the headlines and there seem to have been as many moving operations to low-cost economies as have been opening substantial operations here.

I'm thinking of a lady Sam met recently who is the financial controller for a US industrial company's Europeans HQ. They seem to have a very small HQ operation here - a few tens of people - and real plants in other EU countries.

by Colman (colman at eurotrib.com) on Mon Mar 27th, 2006 at 11:27:42 AM EST
[ Parent ]
in an opinion piece in Le Monde, by Jean-François Couvrat. It's in French, but here are the highlights:

  • the unemployment of 22% for the youth really means that 8% of the youth are unemployed, lower than the EU average (where have we heard that before)

  • Eurostat indicates that the main indicator to assess the flexibility of a labor market and the mobility of workers is the proportion of workers who have been in their job for less than 3 months. That proportion is 6.7% in France, higher than in the UK and than the 4.9% EU average...

  • French companies never stop creating jobs. In 1993, the worst recession year in a long time, they hired 3.6 million people; the number was 4.8 million in 2003, a year with weak growth, and 5.4 million in 2000, a boom year.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Mon Mar 27th, 2006 at 03:54:59 PM EST

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