How reliable are unemployment figures?

  1. Eugene Hardy profile image60
    Eugene Hardyposted 5 years ago

    How reliable are unemployment figures?

    I understand there was a change in the way unemployment is measured.  Is the new way more accurate?

  2. profile image0
    Team Leaderposted 5 years ago

    Hello Eugene,

    I am not an expert but what I learned from the media (which in Germany is actually quite reliable and independant) they fiddle with the figures. We have a system where unemployed people must search for jobs and if they cannot find one they have to do 1 EURO jobs or their allowances will be cut substantially. While these people are "employed" the unemployment rate goes down. This is not a representation of the true picture, though, and many of them still need support from the government.

    Your 'Team Leader'

    1. Eugene Hardy profile image60
      Eugene Hardyposted 5 years agoin reply to this

      I heard that after 99 days plus the end of emergency extentions that the unemployed are no longer counted, just those applying for benefits.  I wanted to know how we count the figures in the states.  Interesting system in Germany.

 
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