Lots of people have an image of Europe as an economic pit of doom, with millions of prime-age workers sitting idle thanks to the welfare state. And there was some truth to that image 15 years ago. But things got better over there even as they got worse here: Even before the Great Recession struck, people in the prime of life were equally likely to be employed on either side of the Atlantic, and at this point Europe has a better prime-age employment situation than we do.

From European and US Employment - NYTimes.com