[lbo-talk] Question: Source of High European/Relatively Low USUnemployment

[Steven Gotzler]

Doesn't the US calculate its unemployment numbers in a very different way 
from many of the EU countries.  And people seem to forget that the US has 
over 2 million able bodied people out of the records because they are in 
prison.  Just one example for the difference.  But someone else no doubt 
knows a ton more.

Steve

----- Original Message ----- 
From: "andie nachgeborenen" <andie_nachgeborenen at yahoo.com>
To: <lbo-talk at lbo-talk.org>
Sent: Monday, March 07, 2005 5:26 PM
Subject: [lbo-talk] Question: Source of High European/Relatively Low 
USUnemployment


>
> OK, my understanding is that for quite some time, say
> 25 years, unemployment in Wesrtern Europe has a
> everaged about 10-11%, while in the US the average has
> been a little more than half that, maybe 6% Is that
> right? Pressed on this topic by a smart, fairly
> open-minded, not economically informed teenager, I
> found myself saying, well, the Official Explanation
> according to the Economists is that labor is
> compatively overpriced in Europe.  However, this isn't
> right because . . . .  because what? I realize I
> should have had a snappy or even a plausible answer to
> this question, but i didn't. And don't. Please help me
> here. Operate on the assumption that there are no
> stupid questions. Or sneer, whatever, but please help.
>
>
>
>
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