Topic: Europe unemployment rate hits record low, employment record up (Read 523 times)

What I know about the European country is that most people there are freelancers, which are not really employees; instead, most of them work online. In addition to that, in every country around the world, the average employment rate problem is also increasing.

Especially in today's time where there are wars going on in Israel, Hamas, Russia, and Ukraine, there are no employees who are able to enter their jobs in the office or financial institution properly. that despite these events, the people of the country are also a problem with their prime commodities.

This is because many can work remotely online without having their official status as an employment, the digital work are increasing and the interest for this are also increasing. If their own people don’t want to work anymore, which I think is already happening that country will be force to look for other people outside of their country who can work for them and this is why our oversees filipino worker are increasing because many countries are indeed of worker while in our country, they can’t find any job even if they are looking for it.

Maybe a signature campaign or this forum is not my only source of income at all? You know, people with jobs?
Actually, it would probably piss you off that according to the spreadsheet by not making my quota during the CM campaign I missed $6000 in earnings during those years! Imagine that!  

Might come as a surprise to you but there are some here who discuss what they want how they want without feeling the need to kiss somebody's ass or be constrained by anything else, unlike posters that have to fake interest in a sport or gambling to qualify for their quota!  


Let me get this right:
Low unemployment is bad for the EU!
Medium unemployment is bad for the EU!
High unemployment is bad for the EU!
Low employment is bad for the EU!
Medium employment is bad for the EU!
High employment is bad for the EU!
Right?


Lol, you're about 3 countries, 1500 km off, and 20 years off !


Read again!
Employment levels count only people living in the EU having a job in the EU!
Digital nomads who are not paying taxes and social/welfare contributions in the EU are excluded!

LE:

Actually, you know something, seeing people so triggered because of good things, I'm going to start one of those each day!
Cause you know, that thing we have called freedom of speech and freedom of spreading joy? Probably not something you're aware of!
Maybe I'll throw one about the 1 cent per ruble since I'm pretty sure it will hit a nerve!

Europe had been doing amazingly great for years now and that is why many people from other continents choose to visit Europe because of so many opportunities that are there and what expatriates tend to benefit in a long run. Employment is one of the things that makes a country or continent great again and we have to understand the force that drives employment rate forward. When the economy of a country is good and have a huge momentum of ascending upward, the employment rate and other factors will increase drastically within a particular period of time.

To me it is remarkable that certain nations, and groups of nations, are able to relentlessly create new jobs and keep people employed. Idle hands make the devils playthings as the saying goes, if people do not have work then they might be more inclined to commit crimes in order to get their hands on cash. We also have to be mindful that politicians are always seeking to massage the figures, so might try to cut and change how certain statistics are reported so they can claim to have done good work. Hopefully it will continue for a long time, because it shows that most of society are committed to hard work and making a brighter future for everyone in their country and I can imagine America is similar.

Very good point! I really think that falling unemployment rate is partially due to people forced to enter or return to job market which is not a great sign.

What's more interesting, is why OP is creating a boatload of similar topics glorifying and admiring the EU, although as far as I know he is Ukrainian and doesn't even live in the EU? Very weird, there has to be some explanation... perhaps signature campaign is not his only source of income here in this forum?     

Interesting viewpoint. When I read the title, I was happy because I thought finally some good news but reading your first sentence has brain me indifferent. Considering now that we have digital nomads and remote workers I can't say that I agree with your statement. What can Europe do about this? If people are not looking for employment doesn't it mean that they are doing okay? Because there is no mention that the government is providing any support funds for them help. It is a bit confusing.

If this information is correct and freelance&online marketing are also included in employement rate, isn't this actually a bit of manipulation with statistics? As a result, people who provide such services don't have an income or work flow that we can classify regularly and therefore it isn't correct to include these people in the classification of "employed" individuals. Of course, this is my opinion but when we think logically it should be like this. Yes, by doing business on the internet or marketing a product/service a person becomes his/her own boss and creates a business cycle but unfortunately it wouldn't be correct to consider this as a permanent workforce.

Let's bump this with more good news

https://www.euronews.com/2023/10/02/eurozone-unemployment-still-at-its-lowest-level-in-august-at-64


We have the lowest unemployment level in the history of the EU!

But why stop here, I mean when there is such youth unemployment in China:
https://www.cnbc.com/2023/09/03/chinas-urban-youth-unemployment-crisis.html

let's look at the bright side:
Employment of Newly Graduates in the EU Reached Record High in 2022, again another record for the EU topping by 1% the one before the crisis in 2018, and those are recent graduates, not all the youth, meaning that 82% of the ones that graduate got a job right after finishing studies, higher than the US and comparing only with recent graduates in China (till they stopped releasing data),  more than 2 times!!!!

Maybe that's one of the reasons thousands flee to Europe instead of let's say Russia? Or China?

I'm seeing freelancing and working from home as the primary reasons why the rate shot up all of a sudden. For one, it's way easier to work when you're not forced to commute for 2 hours all the while battling the elements just so you can get paid peanuts in the office. Plus if I'm not mistaken, inflation also forces people who are otherwise jobless to double up on the effort to look for one since now they can't just rely on their parents or whatever, which could also play a part in this increase in employment rates.

I'm basing all of this on common sense so if I'm wrong please correct me lol.

Is there any other continent that has a higher purchasing power than Europe? If you want to use purchasing power are a metric then you have to also look at other factors like GDP, per Capita income, etc. If you use all these Europe is still good.

In terms of wealth Distribution Europe is second to North America so no matter the metric you want to use Europe is still good all things considered.

You said the goal shouldn't be more jobs, it should be "making a living", How are people supposed to make a living if they don't have jobs?

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

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

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.

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.

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.

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.

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  

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

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.

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.

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.

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 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?

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 ? 

2. "US domination must end" - Hm  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 ? 

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.

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

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.

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.

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.

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.

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.

Things aren't improving for many people.

--Knight Hider

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/...".

Great news coming from Europe. When the UK left the EU there were different predictions of the adverse consequences it will have on the European economy, but it survived it. There were also predictions that the European economy will collapse because of the gas and oil crisis caused by the Russian invasion of Ukraine, but it has continued to grow stronger. There is also this rumor that the introduction of a common currency by BRICS will give a big blow to the Euro, we are still waiting for the new currency. The European economy has proved to be one of the strongest in the world.

Apart from fighting on the battlefield, there is always political, social, and economic war during conflicts. The European and the Russian propaganda machines are at work using various means to attack the economy of each other. We shouldn't also forget that NATO nations predicted that the Russian economy will not survive the economic sanctions for more than six months.

It's data that can be seen. Can you verify data validity? in some cases, this is very easy to do. Enter data on people who got new jobs, and don't enter data on people who were laid off. Thus, the unemployment data will be reduced

I think the EU is not okay. Hopefully the EU can overcome the crisis that haunts it, if it fails, and the battlefield again occurs in the EU, like the 2nd world war then it can be very bad.

a much better stat is if they looked at how many working age individuals achieve a income of 'living wage' which usually is 160hours a month of 1.5x of minimum wage

and how many achieve just the minimum wage of a full time job(160 hours a month)

It is nice to see threads of this positive style.


This is a good sign. If the EU were a shithole, no one would want to go to work there.

Anyway, within the positivity, can you think of any negative aspects, or do you leave those to the critics? For example, over-regulation and an energy policy that could be improved are two weak points, but even so, the EU is better off than many parts of the world that are shitholes.

Yes, that happens a lot.
For example, there are countries that have little unemployment because nobody enters the scheme since the benefits are crap and they prefer working on the black market or in the black economy, and there are countries that do completely the opposite where people just stay unemployed for benefits while still working underground.

That's why I added the other chart, the employment levels, which can't be fooled the same way since those are people paying tax and contributions.


Some think that a war affecting 40 million people, an economy the size of Hungary can send a content that saw 50 million dead in ww2 and their cities razed to the ground and still came back as the second economy in the world. It shows how out of touch with reality some are, my topic about the minimum wage has ben an eye opener for some to the differences, but for others is just denial, out of envy or hate but still nonsense denial.


The things are pretty simple in Europe right now! Do you want a job? You can get a job next hour!
Of course, if you don't know how to do anything other than loading merchandise into boxes or washing plates it will be a crappy job that barely lets you get though, but if you know how to drive a truck or to weld or you know which cable goes into each socket without starting a fire you're set. We need about 5 million workers and there is no end in sight to the working permits we're issuing.

It's a pretty amazing situation and shows how powerful this economic bloc is becoming, that they can provide employment for a record number of people. More employment means less crime in the end, as people are spending their time being productive members of society. However most people know there is an economic cycle and we are on the positive side of it at the moment, long may it continue. It's maybe a bit of a surprise if you consider that Russia created the first war in Europe since World War 2 and the rest of the continent is carrying on regardless, even faced with additional cost pressures partly caused by that. Oil prices coming down a bit has helped lately, but it's all a rather fine balancing act and any big shock could change it up again.

How does the unemployment rate change from a statistical point of view? It is enough to change the various criteria by which a person is considered unemployed. For example, only those who are officially registered at the labor exchange should be considered unemployed. And the opportunity to register at the labor exchange to make inaccessible because of a pile of certificates. Voila... The number of officially unemployed decreases

Weird things are happening in Europe, I guess. Despite low unemployment, few people are concerned about finding work. Though they are not, it appears as though they are. It's a nice idea to play with even though I can't make sense of it

Furthermore, what about all the dire predictions for Europe? Consuming the final hamster while dealing with bankrupt businesses and worthless euros? A record is being broken every day, though! The EU, which some people refer to as a "craphole," is where employment is increasing and immigrants are moving in

The Russian muppets, however, should be avoided. Will they not manage to make everything terrible in some way? What those men will do next is always unpredictable. Over there, the drama and bureaucracy are both more abundant than they are in soap operas. I guess. Maybe? I don't know!

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?
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.


Why would I check on a random website when you have the data right there on self employed, which means drivers, delivery guys, repair main, plumbers, artists, musicians, photographers, cam models, influencers, carpenters everything? And they make less than 15% of EU's total workforce.


In a decade meaning that in the last ten years the number of employed people has grown by 18 million.
If you say that the wage has increased 100 times in a century since 1923 till 2023 the data of course is not one century old.


And how many around you are there making 200$ a day? How many are making 1000$ a day?
How many can make that constantly each day all year long ?
Also, 100$ per day for a self-employed person in the EU...is...surviving! We're talking about 90 euros a day in 20 working days that's 1800 euros, while the average wage in Germany after taxes is 2600 euros. Double that at 200 a day and you can't even reach the median wage.

The news looks very positive, against the background of attempts of some personalities to present the situation in the EU, and especially in Germany, as deplorable, after the "rupture" of gas and oil relations with Russia. There have already been a lot of throw-ins about "total bankruptcy", "terrible unemployment" and almost "total decline in the standard of living in Germany". Fortunately, the fans of such throw-ins do not understand what the German economy is, and how uncritical the impact of the changes in the hydrocarbon supply to the German economy really is.

By the way, from this area, yesterday there was also news about a noticeable decrease in the unemployment rate in the USA. This is connected with the global process of migration of high-tech production from China to the USA.

Those freelancers who pay taxes are registered too and stats do exists. all we have to do is search for freelancing stats on search engine. And we will see a lot of stats there.
i was referring to this, which is in your own words is a decade maybe my english is not that good but hyy i am still in learning phase so i am open all ears.haha, i am not talking about signature campaigns, or 5$ projects on fiverr, or web designing or making pennies on shitcoins. I think you have no good experience (knowledge) about freelancing. Because in freelancing people are making 200$ dollars in a day. (this is what i have seen people making face to face). But there are others too who earn 1000$ in a day but i didn't met them face to face so i will not 100% that they really make 1000$ a day. I hope you wont mind my words. But we all need to go industrial park for some fresh air.

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

--Knight Hider

It comes as self-employed, you still pay taxes if you're eligible to do so. You're not legally registered as self-employed you're not part of the statistics as obviously nobody knows you exist.


Stats from the last month are old?


Let's make a deal, I won't call you names and you will stop talking about things you know nothing about, deal?  
https://ec.europa.eu/eurostat/databrowser/view/LFSQ_ESGAED/default/table?lang=en

I'm genuinely amazed that some still believe that a 20 trillion economy with 700 million people can run on bitcointalk signatures, 5$ Fiverr jobs, and Webdesign and make pennies out of trading shitcoins. You really need to go out more, visit a true industrial park and crouch the numbers there.

If i am not wrong then freelancing and online making also comes in the category of employment. And the stats you used to compare the number of people increased are old and from then freelancing is on top of every other job people prefer to do online job instead of offline one. Freelancing had provided a hell lot of benefits to European that's why they prefer to chose it. For example, earning in dollars or BTC and they are their own boss.

I guess some will ask why I mentioned both, and that is because record-low unemployment doesn't really mean that few people are out of a job, it might mean that they simply don't care about finding one so they are not in the statistics. And here is where the employment level comes into place.

So, I'm sure that everyone knows Europe is doomed, we're out of gas, 90% of our companies are bankrupt, we've frozen to death last time, our GDP is down by 99%, the euro is worthless and we have eaten our last hamster but in reality:




Europe has broken all 20 years' records, in both the lowest unemployment level and in the percentage of citizens employed.

And it doesn't stop here, from 10 years ago in 2013 the number of people with a job has grown from 181 million to 197 million, that's 18 million more workers and jobs in a decade!
On top of that, we have to add to this 3.5 million work permits issued this year for foreigners that want to work in this craphole called EU.

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