The Employment Impact of Differences in Dmand and Production

employment change is small. The main contributors are, on the one hand, the growth of final
demand, generating employment, and, on the other hand, labour productivity growth, which is
job-saving. It is the outcome of the race between these opposing forces that largely determines
the trend in employment within each economy, and gives the main insight into the development
of the US-EU employment gap. Section 8 concludes.

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