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Eurostat has recently published new data on EU unemployment. It’s going down again. Which seems good. But there is more to this than meets the eye. To be counted as ‘unemployed’ one has to have no ‘gainful employment’ and to be actively seeking for a job. People who give up seeking are not counted as unemployed. Neither are people leaving the labor market. And people are giving up seeking as well as leaving the labor market…
Eurostat has engineered a ‘dashboard’ which maps the economic and some of the demographic and mental consequences of the Corona crisis and Corona policies, including data on labor flows. Good. Even when its name, the ‘recovery dashboard‘, sounds a little optimistic. When we look at these flows, it turns out that it has become much harder for the
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