European labour markets added nearly 30 million new jobs in a golden age of employment creation prior to the onset of the Great Recession in 2008. These labour markets subsequently shed six million jobs, and unemployment peaked at 11% in 2013, its highest rate in well over a decade. This third...

This first issue of a revised approach to the ERM quarterly includes: an overview of relevant indicators such as GDP growth and the unemployment rate; the overall ERM statistics for the second quarter 2006; an examination of the often neglected issue of restructuring in the public sector with...