The divergence in reported German unemployment rates, with official figures indicating a worsening situation while the ILO measure suggests minimal change, raises questions about the accuracy and reliability of the data, especially when considering the overall number of people unemployed.
German unemployment – according to the German Federal Labor department – continues to worsen. Unemployment rate is now at 5.9% up from 5.5% at start of the year.
In contrast – according to the ILO measure of German unemployment – the rate has barely budged! pic.twitter.com/dCYw0JM1vz
— Longview Economics (@Lvieweconomics) November 30, 2023
The severity of the situation can perhaps be better visualised when looking at the overall number of people who are unemployed pic.twitter.com/1J48p2isFe
— Longview Economics (@Lvieweconomics) November 30, 2023
Eurozone November preliminary CPI +2.4% vs +2.7% y/y expected.#europe #euro #cpi #vpfx #forexnews #marketnews pic.twitter.com/ZeQ9jtWkXe
— VPFX (@vpfx_forex) November 30, 2023