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Monthly Labor Review Online

April 2006, Vol. 129, No. 4

Report


A visual essay: international labor market comparisons

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International comparisons of labor market and competitiveness indicators, as well as Gross Domestic Product (GDP), provide a snapshot in time of the world economy. The first 3 sections of this visual essay include charts covering 12 selected countries in North America, Europe, and Asia, although not all countries appear on all of the charts because of data constraints. Many of the charts include a weighted average for 15 European Union member countries (EU–15). The EU–15 region comprises the European Union member countries before expansion of the EU to 25 countries on May 1, 2004. The EU–15 countries are Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden, and the United Kingdom. Only seven—Germany, the United Kingdom, France, Italy, Spain, Sweden, and Ireland—of the EU–15 countries are charted separately. In the final section of this essay, three charts are presented for five large emerging economies—Brazil, China, India, Indonesia, and the Russian Federation. The United States is included on these charts as a reference point.

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