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Given that we got another new record low in #eurozone #unemployment, which just keeps defying the bears, it is a good time to repost this thread, which holds the explanation: it is just a matter of structural improvements in south offsetting cyclical worsening in north.

EU countries differ widely in their exposure to the already announced new US tariffs on cars, pharma, and steel exports. Highest exposure on pharma (often reflecting tax incentives): 🇮🇪🇧🇪🇦🇹 On cars: 🇸🇰🇩🇪🇸🇪 In total, around 1% of GDP of EU exports are currently affected.

🧵 how do income, employment and demographics vary across and *within* spanish municipalities? i built a new interactive tool so anyone can answer those questions in just a few clicks explore all the existing neighborhood-level data in spain at wikibarrio.es

📉 New job posting data shows a growing North-South divide in Europe’s labour market as of mid-April: 🇪🇸 Spain up 4% in the past month, now 65% above pre-pandemic levels 🇮🇹 Italy high & holding steady 🇩🇪 Germany & 🇬🇧 UK sliding No crash anywhere (yet) but a continued divergence

1/Epoch AI doubles down on preiction AI will drive 20%+ annual GDP growth. Economists remain skeptical. This is the defining debate of today: AI builders see infinite prosperity ahead. Economists see the same limits that constrained every technological revolution.🧵 1/13