Unemployment 4.2%

[Seth Ackerman]

	 Doug wrote: 

> Or in other words, 100% less the employment/population ratio. By that
> measure, the U.S. working class is a lot better off than the Western
> European working class. Would you want to make that argument?
> 
	That's why I wrote that "changes in unemployment" can be
measured this way. Cross-country comparisons of the level of working-age
non-employment are different. Besides: "non-employment" in the States is
much worse than "non-employment" in Europe. On that note, why do these
levels differ so much? Is it really because so many working-aged
Europeans are just living on the dole?

	Seth