Europe unemployment rate hits record low, employment record up

[stompix]

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!

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[Faisal2202]

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.

[stompix]

If i am not wrong then freelancing and online making also comes in the category of employment.

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.

And the stats you used to compare the number of people increased are old

Stats from the last month are old?

freelancing is on top of every other job people prefer to do online job instead of offline one.

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.

[Knight Hider]

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

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

--Knight Hider

[Faisal2202]

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.

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.

Stats from the last month are old?

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.

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!

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.

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.

[DrBeer]

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.

[stompix]

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?
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.

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.

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.

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.

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.

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).

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.

[slapper]

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!

[Unbunplease]

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!

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

[Fortify]

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!

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.

[stompix]

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

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.

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.

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.

Weird things are happening in Europe, I guess. Despite low unemployment, few people are concerned about finding work.

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.

[Poker Player]

It is nice to see threads of this positive style.

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.

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.

[franky1]

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)

[PytagoraZ]

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!

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.

[Fiatless]

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

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.

[DrBeer]

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/...".

[Knight Hider]

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.

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.

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

[Afnan_faizah]

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.

[dothebeats]

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.

[Wind_FURY]

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.