Europe unemployment rate hits record low, employment record up - page 2.

DrBeer

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Quote from: be.open on August 21, 2023, 01:00:41 AM

Quote from: DrBeer on August 19, 2023, 12:42:10 PM

Quote from: be.open on August 13, 2023, 05:34:55 AM

Quote from: stompix on August 06, 2023, 11:19:23 AM

Can't wait to see the usual Russian muppets trying to twist this as being bad!

If you want to hear an alternative opinion - of course I will not deny you this pleasure.

Abnormally low unemployment is a very worrying signal for the European economy. This is a manifestation of the uncertainty of people of working age in their bright future, it is the fear of the uncertainty of the future that makes people hold on to work and not enter the labor market as free agents. Employers have no other reliable mechanism to cope with the shortage of labor supply than to increase the wages of new employees. This, in turn, spurs inflation and inflation expectations. There is nothing more foolish than to consider an abnormally low unemployment rate a good symptom in the economy, it only makes you out to be an absolute amateur in economic matters.

The ability to "change opinions and values" over the course of a dialog, choosing the most favorable version, even if the beginning of the sentence said something different is amazing Grin

Not long ago, all OFFICIAL russian propaganda media in russia (and there are no other media in russia), were squealing with delight - "unemployment in eu - which means they are "asshole" ! ha-ha-ha ! well, what have you done against russia ! and we warned !".

And then it turns out that unemployment is good !?? And its low level is bad ! I am very much waiting for a happy post from you that 50% ruble inflation in Russia is extremely useful for the Russian economy, and 5% dollar inflation is "the US is going to the abyss" Grin

Dear be.open - are you by any chance not Olga Skabeeva embedded in bitcointalk for primitive manipulation ? Did I reveal you ?! Grin

Your accusations of my inconsistency are absurd because I have never claimed on this forum that an abnormally low unemployment rate is a good thing. It seems that you have nothing to object to me on the merits, but you just want to earn another four bucks for a shitty post. Do not be shy, I understand that the Ukrainians are having a hard time now.

Question - have you been arguing with yourselves for a long time? At least it doesn't come to a fight ? Grin

Instead of many words, I will leave this post, one interesting interlocutor. Can you somehow explain your current answer and your previous post ? Grin

Quote from: be.open on August 13, 2023, 05:34:55 AM

Abnormally low unemployment is a very worrying signal for the European economy. This is a manifestation of the uncertainty of people of working age in their bright future, it is the fear of the uncertainty of the future that makes people hold on to work and not enter the labor market as free agents. Employers have no other reliable mechanism to cope with the shortage of labor supply than to increase the wages of new employees. This, in turn, spurs inflation and inflation expectations. There is nothing more foolish than to consider an abnormally low unemployment rate a good symptom in the economy, it only makes you out to be an absolute amateur in economic matters.

Pierre 2

legendary

Activity: 2436

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I feel like European welfare economics actually work better than people opposing the idea claiming against. When you give labor bigger share of economy obviously you cause more people have desire to be hired. Also your companies can feel safer becausde their laborers are very happy and not trying to jump from work to work. Only issue there with welfare is that lazy people are also awarded sometimes. Welfare economies should award hardworking people! So in summary I think Europe is fine but they need to combat inflation to make economy more stable.

Joshapat

sr. member

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Of course this is a good indication that the unemployment rate in Europe is the lowest, there are a few unemployed and many are busy with work, but I think whether the economic indication is only measured by low or high unemployment, of course we still have a lot of work to do, in my country the unemployment rate is still high, which is more than 20%, but many people work informally so they are included in the unemployment data.

Latviand

full member

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Quote from: Ultegra134 on August 13, 2023, 08:06:57 AM

I don't want to be the bearer of bad news, like it was suggested by another user, but while it's a positive thing that unemployment is low, the cost of living has increased so much due to inflation that it's pretty much unbearable in some countries. Thus, the ideal would be not only to have low unemployment rates but also a higher minimum wage, with which you'd be able to live quite comfortably. However, this isn't always possible, at least not yet, and we should focus on the positive, not the negative. This is an important stepping stone towards achieving a better economy for everybody. Till then, we should focus on ourselves, acquire new skills, and become a better version of ourselves.

Dude, increase in minimum wage is always possible, the companies just want you to think it's impossible because they don't want you getting the idea that you and your co-workers can demand something from them, if you look at the profits of most companies, you'll be able to see that they can all afford to pay their workers higher minimum wage or even increase their wages. Another reason I could see why it's not helping the economic health of Europe is that the budgeting of countries and their spending are either misused, incompetent or rife with corruption so the money goes nowhere.

be.open

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White Russian

Quote from: DrBeer on August 19, 2023, 12:42:10 PM

Quote from: be.open on August 13, 2023, 05:34:55 AM

Quote from: stompix on August 06, 2023, 11:19:23 AM

Can't wait to see the usual Russian muppets trying to twist this as being bad!

If you want to hear an alternative opinion - of course I will not deny you this pleasure.

Abnormally low unemployment is a very worrying signal for the European economy. This is a manifestation of the uncertainty of people of working age in their bright future, it is the fear of the uncertainty of the future that makes people hold on to work and not enter the labor market as free agents. Employers have no other reliable mechanism to cope with the shortage of labor supply than to increase the wages of new employees. This, in turn, spurs inflation and inflation expectations. There is nothing more foolish than to consider an abnormally low unemployment rate a good symptom in the economy, it only makes you out to be an absolute amateur in economic matters.

The ability to "change opinions and values" over the course of a dialog, choosing the most favorable version, even if the beginning of the sentence said something different is amazing Grin

Not long ago, all OFFICIAL russian propaganda media in russia (and there are no other media in russia), were squealing with delight - "unemployment in eu - which means they are "asshole" ! ha-ha-ha ! well, what have you done against russia ! and we warned !".

And then it turns out that unemployment is good !?? And its low level is bad ! I am very much waiting for a happy post from you that 50% ruble inflation in Russia is extremely useful for the Russian economy, and 5% dollar inflation is "the US is going to the abyss" Grin

Dear be.open - are you by any chance not Olga Skabeeva embedded in bitcointalk for primitive manipulation ? Did I reveal you ?! Grin

Your accusations of my inconsistency are absurd because I have never claimed on this forum that an abnormally low unemployment rate is a good thing. It seems that you have nothing to object to me on the merits, but you just want to earn another four bucks for a shitty post. Do not be shy, I understand that the Ukrainians are having a hard time now.

DrBeer

legendary

Activity: 3752

Merit: 1864

Quote from: be.open on August 13, 2023, 05:34:55 AM

Quote from: stompix on August 06, 2023, 11:19:23 AM

Can't wait to see the usual Russian muppets trying to twist this as being bad!

If you want to hear an alternative opinion - of course I will not deny you this pleasure.

Abnormally low unemployment is a very worrying signal for the European economy. This is a manifestation of the uncertainty of people of working age in their bright future, it is the fear of the uncertainty of the future that makes people hold on to work and not enter the labor market as free agents. Employers have no other reliable mechanism to cope with the shortage of labor supply than to increase the wages of new employees. This, in turn, spurs inflation and inflation expectations. There is nothing more foolish than to consider an abnormally low unemployment rate a good symptom in the economy, it only makes you out to be an absolute amateur in economic matters.

The ability to "change opinions and values" over the course of a dialog, choosing the most favorable version, even if the beginning of the sentence said something different is amazing Grin

Not long ago, all OFFICIAL russian propaganda media in russia (and there are no other media in russia), were squealing with delight - "unemployment in eu - which means they are "asshole" ! ha-ha-ha ! well, what have you done against russia ! and we warned !".

And then it turns out that unemployment is good !?? And its low level is bad ! I am very much waiting for a happy post from you that 50% ruble inflation in Russia is extremely useful for the Russian economy, and 5% dollar inflation is "the US is going to the abyss" Grin

Dear be.open - are you by any chance not Olga Skabeeva embedded in bitcointalk for primitive manipulation ? Did I reveal you ?! Grin

Ultegra134

hero member

Activity: 1680

Merit: 845

I don't want to be the bearer of bad news, like it was suggested by another user, but while it's a positive thing that unemployment is low, the cost of living has increased so much due to inflation that it's pretty much unbearable in some countries. Thus, the ideal would be not only to have low unemployment rates but also a higher minimum wage, with which you'd be able to live quite comfortably. However, this isn't always possible, at least not yet, and we should focus on the positive, not the negative. This is an important stepping stone towards achieving a better economy for everybody. Till then, we should focus on ourselves, acquire new skills, and become a better version of ourselves.

bussybuddy

full member

Activity: 1190

Merit: 105

PredX - AI-Powered Prediction Market

Current times are turbulent and unpredictable in Europe. There are many complicating factors influencing the situation, and understanding all of them is indeed a difficult task. There seems to be a lack of clarity about the future of Europe's economic and labor markets, especially as it all changes so quickly.

Forecasts and information about the European economic situation are also often variable and do not fully reflect reality. There can be many reasons that people do not seem to be actively looking for a job. Perhaps a change in preference or mood also plays a role.

kryptqnick

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I'm happy that the Eurozone is doing well, and like the op, I'm tired of pro-Russian propaganda twisting reality hard to try to say that something very different is going on. Of course there's poverty, homelessness, unemployment. These just aren't things that our world has conquered yet, so a lot of bad stuff is happening everywhere. And it should be noted that countries are very uneven in the Eurozone, some much stronger than others. But the percentage and comparison between regions matters. And using framing to focus on things that create very distorted images of reality is deeply problematic, albeit unfortunately efficient.

be.open

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White Russian

Quote from: stompix on August 06, 2023, 11:19:23 AM

Can't wait to see the usual Russian muppets trying to twist this as being bad!

If you want to hear an alternative opinion - of course I will not deny you this pleasure.

Abnormally low unemployment is a very worrying signal for the European economy. This is a manifestation of the uncertainty of people of working age in their bright future, it is the fear of the uncertainty of the future that makes people hold on to work and not enter the labor market as free agents. Employers have no other reliable mechanism to cope with the shortage of labor supply than to increase the wages of new employees. This, in turn, spurs inflation and inflation expectations. There is nothing more foolish than to consider an abnormally low unemployment rate a good symptom in the economy, it only makes you out to be an absolute amateur in economic matters.

davis196

hero member

Activity: 3150

Merit: 937

Quote

Can't wait to see the usual Russian muppets trying to twist this as being bad!

The Putin propaganda doesn't care about facts and statistics. They care about their own twisted perception of reality.
The EU is doomed without Russian gas. The European industry is moving towards the USA, the EU is going to be deindustrialized.
The high interest rates and high oil prices(after Saudi Arabia decreasing it's daily oil production) will cool down the European economy for sure.
Germany is already in a small recession, but I don't see this as such a big drama. The EU will be just fine.
I wonder why the euro is now worth 106 Russian rubles. Wasn't the EU heading towards a financial disaster, while Russia keeps growing and getting more prosperous day after day? Why the Russian ruble went down? Grin

DrBeer

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Quote from: avikz on August 11, 2023, 12:49:01 PM

I am not sure how true is that data but let's assume the data is true. I am delighted to see this because in the world of business there should always be a balance in economic power. Otherwise one nation will become extremely powerful and will start ruling others by creating monopoly. US has tried to do the same since many decades. The main brain behind the Russia and Ukraine war is US. So it's encouraging to see that despite all odds, Europe is showing growth.

The US dominance must end and Euro should emerge as the a competitor for USD. This is only possible if internal market grows. So it's a good sign.

You have rather strange thoughts I would like to clarify.

1. "The main brain behind the war between Russia and Ukraine is the USA" - please give me arguments that can be verified. I, as a citizen and resident of Ukraine, have seen it from a completely different perspective, and I can say that the pumping of anti-Ukrainian currents began in Russia long before the first attack on Ukraine in 2014. Before that, Azerbaijan, Ichkeria, Moldova and Georgia fell under Russian aggression. It must have been done by the "USA" too ? Please provide arguments ?
I understand that the students who came out to the rally on Khreshchatyk, in winter 2013, calling on Yanukovych to fulfill his promises and continue the vector of European integration, instead of an unexpected turn into the bloody arms of the Kremlin - it was all set up by the U.S., right ? Grin

2. "US domination must end" - Hm Grin

there are 2 questions here:
- Why ?
- What do you or your country personally hinder US domination ? Envy is understandable, but I would like some more interesting arguments ?

el kaka22

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I think this makes sense considering the inflation is high and wages are still low. Which means that if you hire people, and they make a product, the product price is higher and the wage for the people who make the product is still low. That makes you earn a lot more money and as you can see from record breaking numbers of profits from companies that it is not going to be any different for a while longer.

I get it, it is not going to be simple and yes it is going to end up with something that will end up being a little different in the end, but that doesn't change the fact that it is going to end up being something that changes the result at all, I believe that we are going to end up with a different situation in the end.

Unbunplease

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Quote from: avikz on August 11, 2023, 12:49:01 PM

I am not sure how true is that data but let's assume the data is true. I am delighted to see this because in the world of business there should always be a balance in economic power. Otherwise one nation will become extremely powerful and will start ruling others by creating monopoly. US has tried to do the same since many decades. The main brain behind the Russia and Ukraine war is US. So it's encouraging to see that despite all odds, Europe is showing growth.

The US dominance must end and Euro should emerge as the a competitor for USD. This is only possible if internal market grows. So it's a good sign.

The problem with statistics is that indicators can always be changed when accounting models are updated. The problem with statistics is that the indicators can always be changed if the accounting models are updated. Therefore, it is better to believe not statistics, but what we see with our own eyes. And what we see contradicts official statistics

avikz

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I am not sure how true is that data but let's assume the data is true. I am delighted to see this because in the world of business there should always be a balance in economic power. Otherwise one nation will become extremely powerful and will start ruling others by creating monopoly. US has tried to do the same since many decades. The main brain behind the Russia and Ukraine war is US. So it's encouraging to see that despite all odds, Europe is showing growth.

The US dominance must end and Euro should emerge as the a competitor for USD. This is only possible if internal market grows. So it's a good sign.

Wind_FURY

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Merit: 1823

OP, but it's not a "measure" that could be used showing that the economy is good because inflation is also high. It also forces the hand of the European Central Bank to do more rate hikes to cause a recession themselves, or else high inflation will do it for them. The current state of the economy is simply not sustainable.

dothebeats

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Quote from: Afnan_faizah on August 08, 2023, 12:35:01 AM

I like to hear good news like this. I hope it also happen in my country, it seems that many fresh graduate in my country having difficulty to find job. even i see a video in social media which show a company throw their CV to the trash until the trash overloaded. I am so sad to see that.

It's nice isn't it? To know that more and more are getting employed and are finding ways to get the financial stability they need. However, like what OP stated, just because the statistics showed that unemployment rate is low it doesn't mean majority is finding a job, it's just that some are not actively seeking job hence the statistics. I'm not sure how the survey works for this, but hopefully we see the actual changes in the future.

Afnan_faizah

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I like to hear good news like this. I hope it also happen in my country, it seems that many fresh graduate in my country having difficulty to find job. even i see a video in social media which show a company throw their CV to the trash until the trash overloaded. I am so sad to see that.

Knight Hider

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a young loner on a crusade

Quote from: stompix on August 06, 2023, 01:15:07 PM

Quote from: Knight Hider on August 06, 2023, 12:12:53 PM

Now do purchasing power. The goal shouldn't be having more jobs, the goal should be being able to make a living.

That was fast, the first guy who is trying to spin good news into bad news.

So, the question, if the topic had been about high unemployment would you have come and asked how much they're making or you would have screamed doom and gloom and told everything is going downhill cause of high unemployment?

High unemployment is bad, but more jobs doesn't have to be a good thing. If you have to abandon F.I.R.E. and get a job again, you're off worse than you were before.

Quote

Anyhow, choose whatever PPP indicator you want and check the data, you have the link to the europa database there you can check every single country or entire euro area by every indicator you want, you want adjusted GNI PPP, you want linear PPP minimum wage is there. But you're not going to like that things are improving.

Things aren't improving for many people.

Quote from: https://www.eurofound.europa.eu/news/news-articles/new-data-2023-minimum-wage-hikes-struggle-to-improve-purchasing-power

Despite nominal increases in statutory minimum wages reaching an all-time high between January 2022 and January 2023, minimum wage workers in most EU countries are seeing their purchasing power decline or just about compensated, based on preliminary inflation figures. With inflation expected to persist, a further depreciation of minimum wages in real terms can be expected in most Member States, as only a few foresee additional increases during the rest of 2023.

--Knight Hider

DrBeer

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Quote from: Fiatless on August 07, 2023, 02:45:30 AM

We shouldn't also forget that NATO nations predicted that the Russian economy will not survive the economic sanctions for more than six months.

That's not true. Russian propaganda has such a technology - "we speak on behalf of someone, on our own resource - we spread it and replicate it on others". If you find a link to such information, you will see that the information is cited with a link to the source. Going through such "sources" - you will see that the basis is either Russian propaganda media, or "yellow press", or "information from an unnamed but very high-ranking source from the FBI/NSA/NATO/...".

Topic: Europe unemployment rate hits record low, employment record up - page 2. (Read 516 times)