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I have always thought that the unemployment in Europe is closer to the U6 than the U3 number provided by the US.
This is specially so in Spain.

If we forget about prison population, army population and consider them a non-issue, the umployment ratio in Euorpe is the U3 or the U6 US unemployment?

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Thu Jul 2nd, 2009 at 04:30:42 PM EST
[ Parent ]
Today it was reported that unemployment in Spain was down by 55 thousand people from the previous month. But at the same time employment was down by 5 thousand people.

So, where did the 60 thousand missing people go?

The number of unemployed people not receiving any subsidy was also reported to be down, but it wasn't said by how much.

So, are we seeing 60 thousand "discouraged workers" leaving the job market altogether just in this one month?

A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous

by Migeru (migeru at eurotrib dot com) on Thu Jul 2nd, 2009 at 04:48:19 PM EST
[ Parent ]
The article by El Pais has been updated since the morning. 28 thousand people have exhausted their unemployment subsidy.

A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous
by Migeru (migeru at eurotrib dot com) on Thu Jul 2nd, 2009 at 04:55:58 PM EST
[ Parent ]
Heh. Maybe this is how we find out that the Rapture happened.
by afew (afew(a in a circle)eurotrib_dot_com) on Thu Jul 2nd, 2009 at 05:29:28 PM EST
[ Parent ]
Right now my wife's unemployement compensation is being recalculated - and they're asking twice for the same documents, saying they haven't received them, etc... : they are stalling. Could that kind of stalling lower unemployment figures ?

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Thu Jul 2nd, 2009 at 05:33:12 PM EST
[ Parent ]
In these statistics (from the ministry of labour and immigration), unemployment is counted by how many people are registered at unemployment offices. Employment by how many people are registered as paying social security contributions.

A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous
by Migeru (migeru at eurotrib dot com) on Fri Jul 3rd, 2009 at 02:20:04 AM EST
[ Parent ]
I don't think so. There's one set of figures derived from sign-ons, the other (now the official set in France) taken from the Labour Survey (Enquête Emploi) where people state whether they are unemployed or not. Benefits don't come into it.
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Jul 3rd, 2009 at 02:32:19 AM EST
[ Parent ]
I wasn't saying it was the case in France, just pointing out a mechanism...

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Fri Jul 3rd, 2009 at 04:35:14 AM EST
[ Parent ]
Does Spain employ anything like the miraculous Birth/Death model used by the US Bureau of Labor Statistics.  It is clearly capable of making those sorts of percentages of the workforce appear and disappear on command.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jul 2nd, 2009 at 07:22:20 PM EST
[ Parent ]
Never heard of the miraculous Birth/Death model - how does that work?

A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous
by Migeru (migeru at eurotrib dot com) on Fri Jul 3rd, 2009 at 02:18:28 AM EST
[ Parent ]
See this exchange from a month ago.
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Jul 3rd, 2009 at 02:35:03 AM EST
[ Parent ]

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