Transatlantic Job Creation

October 26, 2011 at 8:14 am

Jobs are the lifeblood of the modern economy, creating income that is spent at businesses, saved in banks, and gathered as tax revenue. Without jobs, growth grinds to a halt, economic confidence falters, and the economy contracts—bad news for all concerned.

The recession has taken a comparable toll on employment on both the United States and the European Union. Yet, in spite of the economic downturn, the size and interconnected nature of the transatlantic economic relationship continues to create and sustain jobs—close to 15 million of them, divided more or less equally between the EU and the U.S.

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European Union Delegation to the USA, EU Focus November 2011


Entry filed under: European Union, job growth, jobs, United States.

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