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Nowadays persistent unemployment is one of the main economic problems in Germany as well as in other countries of the European Union. For many years economic growth has obviously been too low to give impulses strong enough to improve the situation on the European labour markets effectively. There are several reasons for this situation. These topics compose the background of a collection of articles published in this book. The articles mainly deal with the following aspects: causes of unemployment in the European Union, technological changes, skills and structural unemployment, institutional conditions on labour markets, importance of international trade and foreign direct investment, employment effects of monetary policy, chances and risks of liberalized labour markets.