,
6 tweets,
2 min read
Read on Twitter
Eurozone labour market always get a bad rap because most people are still fixated with the headline unemployment number, which is still way higher than in the US. 
But that misses the wider point that lower participation rates in the US are very flattering for the unemployment figure.
And that participation rates in the eurozone have increased steadily over the past decade, mostly driven by a large rise in female participation rate...
...but also by much higher participation rate in older cohorts.
All of this gets missed by just looking at the headline unemployment rate, a rather imperfect measure of labour market health.
That being said, there is no such thing as a "eurozone labour market" for the most part.
