U.S. Unemployment Rate Identical to that of Europe

U.S. jobless rate is now as high as Europe. According to the European Union’s statistical agency, Eurostat – the unemployment rate in the U.S. is now identical to that of Europe. If recent trends continue, we will surpass the old continent’s unemployment rate as soon as internationally comparable data for April are available. In March of this year our jobless rate was tied for fourth-highest among the major OECD [The Organization for Economic Cooperation and Development] nations.

Unemployment Rate

Graphs: CEPR

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