SWOB 8: Employment Performance: UK versus the USA. Jury Out

Lost in the Budget fog this week was the latest set of UK labour market performance statistics among which (buried in an increasingly impenetrable government website ) were international comparisons of employment. The USA is often held up as an exemplar of what the UK labour market might be (for better or worse) and so it can be useful to try to benchmark the relative position of the two economies with regard to jobs.