This is the unemployment rate I've calculated for the big 8 economies (US, Europe, UK, Japan, China, Russia, Brazil, India) These economies make up ±75% of the world economy by PPP-weighted GDP.
The thing is, how much of this low unemployment is because of long Covid? I saw a report (somewhere!) which estimated that in the UK, 3.5% of the labour force is effectively out of the labour force because of long Covid. If this is true across most economies, even if the numbers differ in each one, the remarkable decline in the unemployment rate to 40-year lows is not so wonderful after all.
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