The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

People wait in line to enter the NYCHires Job Fair in New York in this file photo.
People wait in line to enter the NYCHires Job Fair in New York in this file photo.
(© Shannon Stapleton / Reuters/REUTERS)

BREAKINGVIEWS

U.S. job recovery is more European than you think

Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks. Click here to read more international insights.

Headline economic numbers suggest the United States is recovering from the Great Recession noticeably faster than the euro zone. But adjust for demographic changes, and that’s a misleading conclusion: In reality, working-age people on both sides of the Atlantic are stuck with euro-style sluggishness.