Wednesday, October 30, 2019

Talking Unemployment Rates in Europe

If you go and use Statista numbers, there is a wide range of unemployment in Europe presently, and to some degree....it is affecting public perception over migration and acceptance of immigrants.

Using the summer numbers....at the very top of unemployment stand Greece (17-percent), Spain (13.8-percent), and Italy (9.5-percent).

At the very bottom?  Malta (3.3-percent), Germany (3.1-percent), and Czech (2-percent).

The UK presently, with BREXIT brewing?  That's a curious number....3.8-percent.  It's almost half of what the French are standing with.

Selling migration, integration, and acceptance of immigrants over to a society with numbers above 5-percent is difficult, and for some political parties....you are simply begging for criticism. 

Why any criticism exists in Germany, with such low rates?  The super-low rates exist in Germany because of Bavaria, Baden-Wuerttemberg, and Hessen.  If you use the eastern states (old DDR), it's not that great. And that's why the AfD type voters gain numbers in that region.

If a EU-type recession occurs.....will we see unemployment rise?  Not necessarily (meaning some marginal rise in numbers is to be expected).  In the case of Germany, you can anticipate a 2-point rise, and it wouldn't be that big of a deal.  But if you were in France (currently at 8.5-percent unemployment) and saw a five-point rise....it'd be a very negative thing for the Macron folks to handle.

It's one of those trends that you might want to watch. 

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