Posted 12/6/2023, 1:45:43 PM
Southern Europe's Job Market Recovery Losing Steam Due to Deep-Rooted Structural Barriers
- Southern Europe's employment numbers have improved recently, but still lag behind other rich countries and have structural problems
- The region's pandemic recovery and tourism rebound are fading, threatening further gains
- Low education levels, geographic mismatches between jobs and workers, and hiring challenges plague the job market
- Reforms have helped but not solved issues like temporary contracts in Spain and high minimum wages in France
- With the recovery slowing, there is pressure to address these deep-rooted structural employment issues