Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
As a Swede, may I say regarding those 87%, that we are second to few in massaging unemployment statistics.

(Someone I know who works in education once received a memo from his boss. This was late summer, mid-nineties. The wording was to the effect that "This is all we currently have lined up for autumn. However, please be prepared for sudden goverment funding in case we are called upon to hide some unemployment".)

I like "geological economic time". (What would be "geological IT time" - Two years?)

by Number 6 on Wed Sep 20th, 2006 at 09:27:28 AM EST
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It's harder to massage employment statistics than unemployment statistics.

Maybe people are paid to do little or are counted as employed when they aren't really, which improves employment, but they are still paid, and they activity or lack thereof is then reflected in productivity numbers. Employment is counted relative to total population, which is a pretty well known number.

Unemployment is counted relative to "active population", an altogether fuzzier concept (and the easiest way to cheat on unemployment statistics is to move the active unemployed to the inactive - it's just a labelling trick and it costs nothing, as opposed to payign them to pretend to be working)

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Sep 20th, 2006 at 09:49:32 AM EST
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