Employment booms and busts, in a single chart

9 Sep

Employment Booms and busts, in a single chart.

 

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Source: BLS, Eurostat, own calculations

With some surprises:

  • USA and Eurozone overall labor market performances are not that different – so far. You would not have guessed, France is actually looking better on this chart than US as a whole. Italy is also better than what we would have guessed
  • Nevada and Spain both had property booms, but the former dealt with the bust better (see previous blog-post).
  • North Dakota and Texas employment have been boosted by the energy boom recently
  • Portugal missed out on the pre-crisis boom, but still managed to participate in the bust, hinting at some serious structural issues

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