Unemployment in the Eurozone has remained at a historic low in May, with the rate steady at 6.4%, according to Eurostat. This aligns with economists' forecasts by Dow Jones Newswires. Germany and the Netherlands showcase the lowest unemployment rates at 3.3% and 3.6% respectively, while Spain and Greece struggle with rates of 11.7% and 10.6%.
Of course the real unemployment rate should be higher as this data is manipulated by gov administrations and excludes elder unemployed or people in special social assistance programs
good news! could it have something to do with the tourism suzanility?
https://m.stacker.news/37933
https://ec.europa.eu/eurostat/databrowser/bookmark/2feeff57-57c9-4278-a50b-7e2279d699c2?lang=en
yes, that is certainly true for the south. nevertheless, it should be noted that the southern european countries in particular suffer from the highest unemployment, not least because the euro has made them less competitive than the north.
https://scanalyst.fourmilab.ch/t/an-intravenous-injection-of-gloom-doom/4460
What an amazing in-depth article! Thank you for sharing.
Guess it depends from a country. In Eastern Europe you are often officially unemployed, but actually working at the same time unofficially.
Best way to do.... drain the state!
Hmm, it sounds to me that the real rate in Spain is manipulated, since in Spain by working 1 month a year or even less you enter the calculation as an employed person, without also counting the amount of precarious work.
Manipulated rate for sure. Part time jobs counts 1 like full time ones. The same if u worked at least one day in a month. So of course gotta be low if u change the rating rules.
That's my point. Never trust gov data. But we need to deal with it to dismantle the commie crap and educate the people.
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