The European labour market still faces big challenges


In the aftermath of the economic crisis, unemployment across European countries soared. Now, 8 years after the crisis kicked in, some improvements have taken place. The unemployment rates have fallen, but especially the levels of longer-term unemployment remain relatively high and further, the speed of reduction of unemployment has decreased. Overall, the European labour market has a long way to go before reaching a level of unemployment close to that prior to the crisis.  

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