>A major component of the labour market slack is unemployment. In the second quarter of 2021, unemployed people accounted for almost half of the labour market slack (7.0% of the extended labour force in the EU). The remaining groups making up the labour market slack were: ‘persons available to work but not seeking employment’ (3.8% of the extended labour force), ‘underemployed part-time workers’ (2.9%) and ‘persons seeking work but not immediately available’ (0.8%).
[deleted]
What does “Availible but not seeking” mean? I’ve read the source but I dont’ think I quite get it.
What is “seeking but not available”?
Southern Europe gang!
Charting this against inflation would be interesting.
Of this inflation surge is due to a wage-price spiral there should be a correlation (and likely ecb will have to raise rates).
If there isn’t, it’s more likely to be temporary inflation.
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[Source](https://ec.europa.eu/eurostat/web/products-eurostat-news/-/ddn-20211027-1)
>A major component of the labour market slack is unemployment. In the second quarter of 2021, unemployed people accounted for almost half of the labour market slack (7.0% of the extended labour force in the EU). The remaining groups making up the labour market slack were: ‘persons available to work but not seeking employment’ (3.8% of the extended labour force), ‘underemployed part-time workers’ (2.9%) and ‘persons seeking work but not immediately available’ (0.8%).
[deleted]
What does “Availible but not seeking” mean? I’ve read the source but I dont’ think I quite get it.
What is “seeking but not available”?
Southern Europe gang!
Charting this against inflation would be interesting.
Of this inflation surge is due to a wage-price spiral there should be a correlation (and likely ecb will have to raise rates).
If there isn’t, it’s more likely to be temporary inflation.