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Nice piece by @bencasselman on labor markets, and growing evidence that prime-age employment is a better indicator than the unemployment rate. But if so, we should also consider international implications 1/ nytimes.com/2019/05/02/bus…
In particular, how does US performance compare with Europe? Standard measure says that we're doing considerably better 2/ 
Bur prime-age employment tells a different story: Europe never suffered as badly as we did, and is close to us now 3/
US growth has been higher, but that's basically demographics, not business cycle performance 4/
Not the story people who talk about the evils of European socialism want to tell. Although to be fair, not quite what critics of the euro would say, either 5/
