Friday 12 May 2017

ECB - Eurozone unemployment is higher than official data shows

In its report, the bank explains the discrepancy between the sharp drop in unemployment and the weak rise in wages, with the unemployment figure excluding some people who do not meet the strict statistical criteria. After adjustments, unemployment in the euro area is 15%, which is well above official figures at 9.5%.
Well, Hello!
Maybe the statistic should change their measuring criteria, 'cause official figures don't match for long time with the reality, which makes them, at least, useless?

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