May 14, 2011

A Jobs Recovery Is Happening Faster for Some Countries Than Others

The financial crisis and the severe recession that followed destroyed jobs in every industrialized country. While many countries have started to recover, in only one major one, Germany, has unemployment declined to a level lower than it was in September 2008.

While much of Europe has been struggling to recover, and countries in financial difficulty have been forced to adopt austerity programs that are likely to stifle economic growth, at least in the short term, German unemployment is at its lowest level since German unification nearly two decades ago. Continue..

Source: The New York Times

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