Re:The Unemployment Rate in Every Region of Europe
by lmm on Thursday May 03, 2018 @09:44AM
(#16985936)
Yes it is, since those countries allow people to claim unemployment while not looking for work (via a rather silly rigmarole way of doing so, but still). At the sharp end, there are fewer people in that country who want a job (whether because they'll lose their unemployment if they don't get one or otherwise) and can't get it.
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Re:The Unemployment Rate in Every Region of Europe
by tom_mellior on Thursday May 03, 2018 @09:59AM
(#16986075)
All that is true for the unemployment rate itself. It just means that the unemployment rate is not a useful proxy for a country's economic health, as it is often taken to be.