World News

32020 readers

620 users here now

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

founded 4 years ago

MODERATORS

Rumblestiltskin@lemmy.ml

AgreeableLandscape@lemmy.ml

jackmarxist@lemmy.ml

zephyreks@lemmy.ml

OurToothbrush@lemmy.ml

Spain's unemployment rate falls to 15-year low of 11.60% in Q2 (www.reuters.com)

submitted 1 year ago by BrikoX@lemmy.zip to c/worldnews@lemmy.ml

10 comments fedilink hide all child comments

cross-posted from: https://lemmy.zip/post/792025

Archived version: https://archive.ph/Q0U2H
Archived version: https://web.archive.org/web/20230727215947/https://www.reuters.com/markets/europe/spains-unemployment-rate-falls-15-year-low-1160-q2-2023-07-27/

you are viewing a single comment's thread
view the rest of the comments

[–] huojtkeg@lemmy.world 1 points 1 year ago (1 children)

No, we have more employment with less working hours.

https://www.eleconomista.es/economia/noticias/12388281/07/23/la-falla-del-record-de-ocupacion-de-la-epa-las-horas-trabajadas-no-corren-a-la-misma-velocidad-.html

[–] testingtesting123@discuss.tchncs.de 2 points 1 year ago

I am not saying otherwise, total working hours have increased, but if you divide by workers have decreased, https://elpais.com/economia/2023-05-03/las-horas-trabajadas-alcanzan-las-cotas-previas-a-la-gran-recesion-tras-dispararse-en-el-primer-trimestre.html .

But if there were manipulation of data the amount of hours wouldn't increase. There is a difference in saying the data is manipulated and saying the data don't tell you the whole story, one questions the data and good faith, the other questions the completeness of the analysis.

Furthermore, the unemployment rate doesn't tell you the whole story because working hours and salaries. The later have not increased meaningfully in the last 20 years... meaning people actually need to work more to have the same life level.