Unemployment in Denmark.
14 August, 2008
( 2006-2008 ) Crazy decrease of unemployment in Denmark
Unbelievable. I always heard that unemployment rate could never be below 3.5% or so, because that is frictional unemployment. But during these last months is going quite low. I guess is because the way they measure it at Statistics Danmark. Or is sound proof of my macroeconomic class 101 about the Phillips Curve, that is the direct realationship between a high employment and high inflation.
1 September, 2008 at 11:29
[...] (See the difference in the wiki: recession), then Denmark has just got out of the recession. As I pointed out 2 weeks ago, it’s hard to believe we were in a recession with less than a 2% official unemployment. [...]