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If we imagine unemployment as a pool of people who seek work, then it seems to depend on the rate of inflow and outflow from this pool. Even if new jobs are created, the demand for labour increases with a higher rate. This is probably due to demographic changes or structural unemployment.
Demographic changes refer to the age limit when somebody is eligible for pension and the low level of infant mortality. Structural unemployment refers to the situation where there are jobs available but workers do not have the appropriate skills. In Germany, there are job losses at manufacturing, farming and construction sector but new jobs are created in the service sector...
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