Much of the difference in unemployment rates across Europe is attributable to differences in:

Question

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Differences in long-term unemployment (defined as being unemployed for more than a year) have a significant impact on the overall unemployment rate in Europe. Countries with higher long-term unemployment rates tend to have higher overall unemployment rates. This is because long-term unemployed workers often become discouraged and may drop out of the labor force, which lowers both the labor force participation rate and the overall employment rate. Thus, long-term unemployment is a major concern for policymakers in Europe.

Much of the Difference in Unemployment Rates Across Europe Is