The 2008 Crisis, with the collapse of Iceland’s banking system, spread primarily to Portugal, Italy, Ireland, Greece, and Spain in 2009. 10 years later, most of these countries have bounced back, but unemployment is still high in countries like Greece and Spain, compared to levels before the crisis started.

In 2018, the employment rate in the European Union was 73.2%, compared to 72.2% in 2017, as reported by Eurostat. Those results show a continuous growth in the region as can be observed in the chart above. Fortunately, the dip recorded after the financial crisis of 2008 is not present anymore.