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I do agree that lockdowns increase unemployment compared to not, holding all things being equal (which is almost the point). For comparison, two countries more
by scarmig 6y ago
I 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 ???.