The female employment rate was 55% in the euro area and 66% in the US, the older workers employment rate was 40% in the euro area and 60% in the US, the youth employment rate was 37% in the euro area and 54% in the US 6 .
These figures appear to be consistent with an “insider-outsider” characterisation of the European labour market, where structural impediments prevent those groups “at the margin” of the labour market from entering and participating in the labour market.