The European Union’s labour force is far more resilient to economic downturns than its US counterpart, although the headline stability masks much greater pain among young, less-educated and non-native workers , according to a working paper from the European Central Bank (ECB).
The study examines how people respond when economic growth weakens, using labour market data covering 15 EU countries and 114 regions between 2000 and 2020.
The researchers found
