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Furloughed Jobs Disguise the Eurozone’s Employment Crisis

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Furloughed Jobs Disguise the Eurozone’s Employment Crisis
This general view shows a partially deserted media area on the first day of a European Union (EU) summit at The European Council Building in Brussels on Oct. 1, 2020. John Thys/AFP via Getty Images
Daniel Lacalle
Updated:
Commentary

The U.S. jobs recovery slowed slightly in September, but the employment recovery is still faster than in most comparable economies.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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