2 ms·
Sweden experienced a spike from ~7% to ~9%. US has experienced a spike from ~3% to ~14%. Sure, some of it might be attributable to social attitudes, but I don't
by xyzzyz 6y ago
Sweden experienced a spike from ~7% to ~9%. US has experienced a spike from ~3% to ~14%. Sure, some of it might be attributable to social attitudes, but I don't think that such a big discrepancy can be explained by this. I think it's mostly lockdown policies causing this.
Sweden: https://fred.stlouisfed.org/series/LRHUTTTTSEM156S https://fred.stlouisfed.org/series/LRHUTTTTSEM156S
US: https://fred.stlouisfed.org/series/UNRATE https://fred.stlouisfed.org/series/UNRATE
- scarmig 6y agoI do agree that lockdowns increase unemployment compared to not, holding all things being equal (which is almost the point). For comparison, two countries more culturally similar to Sweden who did institute lockdown measures: Norway: https://fred.stlouisfed.org/series/LMUNRRTTNOM156S https://fred.stlouisfed.org/series/LMUNRRTTNOM156S Denmark: https://fred.stlouisfed.org/series/LRHUTTTTDKM156N https://fred.stlouisfed.org/series/LRHUTTTTDKM156N Norway went from ~2% to ~9.5% and is now back to ~4.5%. And you can barely see a blip in Denmark from 5% to 6%. This leads us to the obvious conclusion ???.