Europeans finally seem to be going back to work: Euro zone unemployment has fallen from 11.9 percent to 10.3 percent over the past two years. But those figures mask a rise in the number of jobless Europeans who have given up looking for work, and thus aren’t officially counted among the unemployed. About 4.6 percent of working-age people—11.4 million in the 19-nation single-currency bloc—say they are “available to work but not seeking” a job. That’s up slightly from the same period in 2013, according to the European Union’s statistics agency. Typically during periods of economic recovery, the number of so-called discouraged workers declines as people resume looking for jobs. In the U.S.,...
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