Europe heads for jobs crunch that may be deeper than in US ...Qatar

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The labour shortage that is hitting the US as the nation rebounds from the pandemic is also coming to Europe, where it could prove even more difficult to fix. Like the US, where April’s payroll growth fell far short of expectations, Europe will struggle to match workers with jobs. That’s despite unemployment at more than 7% in the European Union – and more than twice as high in Greece and Spain – which isn’t predicted to return to pre-crisis levels before 2023. In the short term, coronavirus travel restrictions mean workers can’t cross borders as easily as usual within the 27-nation bloc. That’s a problem because the EU is about to start dishing out its €800bn ($977bn) recovery fund, which

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Last updated : 20 May 2021 clock 10:31 PM

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Europe heads for jobs crunch that may be deeper than in US ...Qatar

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