The trivial rise in unemployment in the euro-zone reflects the success of short-time working schemes in protecting jobs but also an increase in “inactivity” as people have been unable to look for work. As these factors are both temporary, the unemployment rate is likely to pick up sharply over the next year or so.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.