Thursday, May 09, 2013

Interesting Unemployment Chart

As recently as 2008, Germany's unemployment rate was more than twice as high as that in neighboring Netherlands, and higher than the Euro zone average. Now, Germany's unemployment rate is less than half of the average in the Euro zone and a percentage point lower than in the Netherlands.
(Picture comes from the Dutch statistics bureau)

As I've pointed out before, this actually underestimates the strength of the German labor market since the labor force participation rate has risen significantly during this period.


Blogger Kapitalist said...

Germany has almost reached the Swedish governement's promise when they came to power in 2006, to lower unemployment to 4%. But I'm afraid that Swedish unemployment resembels the Eurozone line in that graph more.

10:38 AM  

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