FYI: Today the Eurostat updated its quarterly measurement of employment in the Eurozone. As shown in the chart below, Eurozone payrolls expanded less than the US for three quarters running, after three quarters of Eurozone employment outstripping the US. Both economies are growing employment at a pretty similar and strong pace, in the mid-1% annualized range. Most of the current global cycle has seen the US grow employment faster than the Eurozone, but of course the US saw employment contract faster than the Eurozone during the global financial crisis.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/gauging-us-versus-eurozone-employment/
