Unemployment 4.2%

Doug Henwood dhenwood at panix.com
Sun Jun 20 08:51:05 PDT 1999


Seth Ackerman wrote:


>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.

If you mean it's worse to be unemployed in the U.S. than Western Europe, yes. But if you mean the levels of nonemployment in the U.S. are higher, than that's not true.

Doug



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