There have been several developments in other payments streams, and I will be happy to answer questions on those when they arise, but I am aware that I have already taken a fair amount of your time, so I will finish at this point. BIS Review 56/2003  3
First, labor force participation rates, especially of women and the youngest and oldest age groups, are substantially lower in continental Europe: more than 10 percentage points. 2  BIS Review 63/2004  Second, unemployment rates are much higher: currently around 3 percentage points. Third: annual hours worked per employee are lower by more than 300 hours. Europe is of course not the US.