Unemployment rate dynamics in the United States and the euro zone

We compare the pace at which the unemployment rate returns to normal after a recession in the United States and the euro zone. T his raises t wo questions in particular: Why does the unemployment rate fall faster in the United States than in the euro zone? (Labour market flexibility, recovery in corporate profitability, the pace of layoffs also, etc.?); Does the slow pace of the downward correction in the euro zone’s unemployment rate relative to the United States’ lead over time to a higher equilibrium (natural) unemployment rate in the euro zone than in the United States? It seems that the slow pace of the downward correction in the unemployment rate in the euro zone has driven up the structural unemployment rate over the long term. In contrast, that of the United States has fallen over the long term.