However, we should remember that there have been serious disruptions to service in daily life before, from storms, temporary electrical outages, disruptions of telephone service, etc. In general, these prove to be annoying and inconvenient, but nothing more. Finally, we should all recognize that most systems are built to withstand reasonable service demands.
At 8.8% in October, the euro area unemployment rate is the lowest since early 2009, but the rate still varies considerably across the euro area. Countries such as Germany or the Netherlands have practically full employment, but others, e.g. France and Italy, still have some catching-up to do.