IFDP Paper: Expanding the Labor Market Lens: Two New Eurozone Labor Indicators

Ece Fisgin, Joaquin Garcia-Cabo, Alex Haag, and Mitch LottWe present a principal component analysis of euro area labor market conditions by combining information from 22 labor market indicators into two comprehensive series. These two novel indicators provide a systematic view of the current state and forward-looking direction of the euro-area labor market, respectively, and demonstrate superior forecasting performance compared to existing indicators.

Cutting waiting lists for mental healthcare would save money – and people’s jobs

There are more than 1 million people on NHS waiting lists for mental healthcare in the UK. Many of them have to wait weeks or months before treatment can begin for conditions such as depression and anxiety.

And according to recent figures from the BBC, there are 12 times more patients waiting longer than 18 months for mental health treatment compared to those with physical conditions.

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