ArchivesEuro areaLabour Markets
Unhealthy developments across the euro area labour market
There are many ways to define rebalancing within the euro area: relative prices, trade, productivity, unit labor costs, etc. I’d argue that one could see it in the employment data as well, although it will take a long time to work its way through. Basically, Spaniards should move to Germany and vice versa to enjoy ... Read more
ConsumptionEuro areaEuropean Daily CatchLabour MarketsReail Sales
European Daily Catch: Unemployment and Retail
Global labor reports prevailed today, but the US employment report took center stage. I’ll not comment on that report, so as to keep with my generally all things European theme here at The Wilder View. However, a quick sift through my feed reveals rather cynical takes: see Dean Baker’s comments here and here; Spencer’s take here; Jake’s ... Read more