Labour markets have reacted very differently to the COVID-19 crisis. In the US, the impact on unemployment rates was … rapid across all states. They increased sharply in March and April 2020 and recovered steadily thereafter. In Europe, by … contrast, unemployment increased far less, and the adjustment was more gradual.This difference in unemployment responsiveness …

As unemployment climbs to new heights, Europe's policy-makers are desperately casting about for the few instruments …'s productivity potential and open its market for the export of services from southern Europe. Opening the German market would yield a …-educated youth, which right now face only the unhappy choice between unemployment and emigration …