Europe Heads for Jobs Crunch That May Be Deeper Than the U.S.’s
Bloomberg 4 hrs ago
(Bloomberg)
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The labor shortage that is hitting the U.S. as the nation rebounds from the pandemic is also coming to Europe, where it could prove even more difficult to fix.
Like the U.S., where April’s payroll growth fell far short of expectations, Europe will struggle to match workers with jobs. That’s despite unemployment at more than 7% in the European Union and more than twice as high in Greece and Spain which isn’t predicted to return to pre-crisis levels before 2023.
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