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Sweden experienced a spike from ~7% to ~9%. US has experienced a spike from ~3% to ~14%. Sure, some of it might be attributable to social attitudes, but I don't think that such a big discrepancy can be explained by this. I think it's mostly lockdown policies causing this.

Sweden: https://fred.stlouisfed.org/series/LRHUTTTTSEM156S US: https://fred.stlouisfed.org/series/UNRATE



I do agree that lockdowns increase unemployment compared to not, holding all things being equal (which is almost the point).

For comparison, two countries more culturally similar to Sweden who did institute lockdown measures:

Norway: https://fred.stlouisfed.org/series/LMUNRRTTNOM156S

Denmark: https://fred.stlouisfed.org/series/LRHUTTTTDKM156N

Norway went from ~2% to ~9.5% and is now back to ~4.5%. And you can barely see a blip in Denmark from 5% to 6%.

This leads us to the obvious conclusion ???.




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