It seems like it should be possible to run some economic analysis, at least at a high level, based on this type of data and the actions of the countries involve

It seems like it should be possible to run some economic analysis, at least at a high level, based on this type of data and the actions of the countries involved. I also wonder if Europe has higher unemployment due to a lower frequency of "at will" employment. Hiring someone seems to be a much greater consideration in countries where it's difficult to let someone go. Poor performers are likely to stick around longer and impact the team much more. Would employment be lower if at-will employment were more commonplace and lawful in Europe?