France: Unemployment rises significantly
652 sats \ 16 comments \ @TomK 26 Jun econ
The labor market in the eurozone is rolling over. In May, unemployment rose in France, one of the two largest economies alongside Germany one of the two largest economies in the eurozone alongside Germany, rose by 41,000 jobs.
This puts the official number of unemployed at 2.816 million. Of course, hundreds of thousands of non-employed people are hiding in job creation programs or are no longer included in the statistics due to their age. These are the usual tricks of the eurozone technocrats. Times are getting difficult in the EUSSR.
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75 sats \ 0 replies \ @cryotosensei 26 Jun
If I understand the French correctly, the unemployed get more in terms of handouts than their employed counterparts. There’s a sure disincentive to work!
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75 sats \ 2 replies \ @Satosora 26 Jun
France is starting to dip, too. Once Spain and Greeece have the same thing, the EU will really be suffering.
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20 sats \ 1 reply \ @TomK OP 26 Jun
Take a look at the macroeconomic figures for the southern European countries and you will see that the problems there are much greater in some cases, for example in Italy. The European Union is lending to this country to prevent it from falling into political ruin.
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42 sats \ 0 replies \ @Satosora 26 Jun
Since the Vatican is in Italy, it should help prop it up.
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75 sats \ 2 replies \ @Undisciplined 26 Jun
You also have to add in all of the government workers.
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21 sats \ 0 replies \ @ways_wilderness 26 Jun
Totally!
Add all those maimed and marginalized by anything from big pharma to Bolshevik welfare systems and you'll be pretty close to the rates between WW1 & 2, so expect similar results in the end...
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21 sats \ 0 replies \ @TomK OP 26 Jun
but they are doing the holy work of our gracious father the state
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42 sats \ 0 replies \ @SatsMate 27 Jun
Yikes, there has to be a breaking point. When will that be?
Things are getting pretty rough in Canada as well from what I've seen.
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42 sats \ 1 reply \ @16d86e9daa 27 Jun
the key of Understanding the specific reasons for a recent rise in unemployment in France would require analyzing current economic data, policy decisions, and the broader context of domestic and international economic factors influencing the country's labor market i believe the covid19 pandemic also has a role to play
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0 sats \ 0 replies \ @TomK OP 27 Jun
You mean the lockdowns, not this 'pandemic'
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42 sats \ 1 reply \ @gmd 26 Jun
Just create more government jobs...
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99 sats \ 0 replies \ @TomK OP 26 Jun
That s what they're doing like crazy. It's not enough it seems..
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42 sats \ 0 replies \ @0xbitcoiner 26 Jun
This article clearly explains the Macron era in France, but I don't think it's very positive for France or the rest of Europe.
https://www.ft.com/content/ca931ab6-a62e-46c6-9607-0208220c6088
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42 sats \ 2 replies \ @IamSINGLE 26 Jun
EUSSR! Is it symbolic to USSR?
You're right the exact number of unemployed people never cknez out anywhere. Why not we also include those old people who still have to work, if they can, they don't have any other way. EU should be immediately dissolved and all for themselves prior to 1995 should be effective. Otherwise the situation will get worse from here. I only view EU as the puppet of States.
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11 sats \ 1 reply \ @TomK OP 26 Jun
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42 sats \ 0 replies \ @IamSINGLE 26 Jun
Lol!!
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