by Jerome a Paris
Sat Feb 3rd, 2007 at 09:08:33 AM EST
From Le Monde Thursday:
top left: unemployment rate
bottom left: employment rate
right: number of jobs created since 1994
Some tidbits:
- not only has France created more jobs over the past 12 years than the UK, but so has Italy, the supposedly sick man of Europe!
- France has lowered its unemployment rate by 3 points in that period, the exact same as the UK. Again, Italy has done better;
- Spain is the undisputed locomotive of Europe, thanks to a strongly growing participation rate (presumably women coming on the job market massively?), while Germany has been the clear laggard.
These numbers would need to be examined in view of demographic evolutions, but they certainly do not confirm the image of the eurozone (outside possibly of Germany) as a stagnant job market.
