The false drop in the unemployment rate
Despite the slowdown in the economy, unemployment declined in 2022. Its rate fell to 11.6% from 12.3% in 2021, but on closer inspection, the apparently good news is unfortunately not a good one actually. The decline of 0.6 points is not due to economic performance. Growth slowed down last year: it did not exceed 1.3% after the 7.9% rebound recorded in 2021...
