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I don't understand. The 10year view on the site you linked shows a spike in unemployment in 2020 after Brexit took effect, and current rates are still higher th
by Cpoll 21d ago
I don't understand. The 10year view on the site you linked shows a spike in unemployment in 2020 after Brexit took effect, and current rates are still higher than pre-Brexit rates. Is there an explanation for why the 2016 vote would be directly responsible for the temporary dip?
But I'm not convinced you can prove or disprove anything from one graph without context and analysis.
- mike_hearn 21d agoNobody claimed the 2016 vote lowered unemployment. It was on a steady downward trend that continued for years, uninterrupted by the vote. This wasn't what economists predicted: they claimed the "uncertainty" of a Leave vote would cause a huge recession with 800,000 job losses. That's what the wiki quote is about - note that 2018, when the Stanford guys made their claims, is before 2020.