Difficulties are only likely to grow in this more nationalist and more fragmented world economy. The open world markets on which Germany, in particular, depended are becoming less so. That is bound to be costly. Moreover, the US is moving towards an interventionist and protectionist industrial policy. For the EU, such a shift creates existential problems. Similar efforts there are bound to be more national than European. This would threaten the single market and give the whip hand to the member countries with the most resources. Germany will be the best positioned. At the same time, the higher costs of energy in Europe than in the US are a threat to its own heavy industry. (
- Date Posted:
- March 8, 2023
Women have gained more jobs than men for four straight months, including in January’s hiring surge, pushing them to hold more than 49.8% of all nonfarm jobs. The recent labor-force recovery has been particularly pronounced among mothers. The share of mothers with school-age children employed or seeking work surpassed January 2020 levels in November. The participation rate among fathers of school-age children retreated at the end of last year and is down from January 2020. Participation among women who don’t have children or who have children age 18 or above also remains depressed, in part reflecting early retirements during the pandemic.