This note examines the extent and patterns of structural changes that have occurred in European economies during the recent crisis using some stylised facts on changing output and employment structures at detailed sectoral level. Focusing mainly on the new EU member states, we compare the...

Unit labour costs (ULCs) are one of the key economic variables considered in the context of globalization, competitiveness and production-location decisions. With the EU accession of eight Central and East European countries and their (almost) full inclusion in the European Single Market, the...