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<a href="http://www.accessmylibrary.com/article-1G1-154405904/great-job-machine-despite.html" title="Facts and information about The Great Job Machine; Despite its laggard reputation, Europe continues to grow faster, and create more jobs, than America.">The Great Job Machine; Despite its laggard reputation, Europe continues to grow faster, and create more jobs, than America.</a>
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The Great Job Machine; Despite its laggard reputation, Europe continues to grow faster, and create more jobs, than America.
Byline: Emily Flynn Vencat
America's employment model is the envy of the world for its ability to create jobs nearly as fast as its population expands. Old Europe, on the other hand, tangles its labor force in so much red tape that high unemployment and molasses-slow job creation are inevitable. Right?
So much for the conventional wisdom. Since the beginning of this decade, the average annual rate of job growth in the United States has been 0.7 percent. In Western Europe, it's averaged a significantly higher 0.9 percent, with highly regulated Spain topping the charts at 4 percent. These new figures, released by the OECD last month, put Europe's ...
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