[lbo-talk] Brad DeLong's dubious view of layoff restrictions

[Doug Henwood]

Jerry Monaco wrote:


>Isn't unemployment simply counted better in places like France and 
>German than the U.S.?

No. The U.S. Bureau of Labor Statistics computes unemployment rates 
using definitions comparable to the U.S. The most recent figures 
available, from mid-2005:

Australia    5.0
Canada       6.0
France       9.7
Germany      9.4
Italy        7.8
Japan        4.4
Sweden       6.3
UK           4.7
US           5.0

The OECD does a similar thing, with similar results.

Doug