In 2020 both EU and US suffered huge hits to labour market. In US the result was a vast surge

In 2020 both EU and US suffered huge hits to labour market. In US the result was a vast surge in unemployment. EU, instead, absorbed the hit through a huge cut to hours worked (blue) v. Much smaller increase in unemployment (orange). One for @hshierholz
ecb.europa.eu/pub/financial-… https://t.co/NXyj4yoVsc

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