3 ms·

People like to make a big deal of out the "higher" rate of unemployment in Europe, but for the most part we're talking about a difference of 1-4 percent.

theptip 5y ago
Random Google-searched data source pulling from World Bank data says 8% in USA, 18% in EU in 2019: https://www.theglobaleconomy.com/rankings/youth_unemployment/#USA https://www.theglobaleconomy.com/rankings/youth_unemployment... https://www.theglobaleconomy.com/rankings/youth_unemployment/#Euro_area https://www.theglobaleconomy.com/rankings/youth_unemployment... Double-clicking in, looking at France, Germany, Italy, Spain: only Germany has sub-20% unemployment (better than the USA actually). This seems to contradict your point. Where are you getting 1-4% from? I'm not sure if there's a "definition of unemployment" difference going on here?
- standardUser 5y ago
  Those links are for youth unemployment rate. I don't know how those are calculated across different countries. The "regular" unemployment rate is supposed to have some level of reliability for cross-national comparisons, and I don't know if that holds true for other metrics. Looking at the overall unemployment rates, you'll see the variation is mostly in the 1-4% range.
  - theptip 5y ago
    Thanks, you're right. I got crossed wires as the GP was discussing youth unemployment in some places, but I see that there was another claim on general unemployment that you were referring to. For completeness the corrected 2019 stats from my data source would be USA 3.9% and EU 7.6% which is in the range you quoted. https://www.theglobaleconomy.com/rankings/Unemployment_rate/#USA https://www.theglobaleconomy.com/rankings/Unemployment_rate/... https://www.theglobaleconomy.com/rankings/Unemployment_rate/#Euro_area https://www.theglobaleconomy.com/rankings/Unemployment_rate/... Post-COVID (peri-COVID? 2020) numbers are US 8.3 vs. EU 8.2%, so it has narrowed recently.
viro 5y ago
what about the significantly higher homelessness rates?

theptip 5y ago

Random Google-searched data source pulling from World Bank data says 8% in USA, 18% in EU in 2019: https://www.theglobaleconomy.com/rankings/youth_unemployment/#USA https://www.theglobaleconomy.com/rankings/youth_unemployment... https://www.theglobaleconomy.com/rankings/youth_unemployment/#Euro_area https://www.theglobaleconomy.com/rankings/youth_unemployment... Double-clicking in, looking at France, Germany, Italy, Spain: only Germany has sub-20% unemployment (better than the USA actually). This seems to contradict your point. Where are you getting 1-4% from? I'm not sure if there's a "definition of unemployment" difference going on here?

standardUser 5y ago
Those links are for youth unemployment rate. I don't know how those are calculated across different countries. The "regular" unemployment rate is supposed to have some level of reliability for cross-national comparisons, and I don't know if that holds true for other metrics. Looking at the overall unemployment rates, you'll see the variation is mostly in the 1-4% range.
- theptip 5y ago
  Thanks, you're right. I got crossed wires as the GP was discussing youth unemployment in some places, but I see that there was another claim on general unemployment that you were referring to. For completeness the corrected 2019 stats from my data source would be USA 3.9% and EU 7.6% which is in the range you quoted. https://www.theglobaleconomy.com/rankings/Unemployment_rate/#USA https://www.theglobaleconomy.com/rankings/Unemployment_rate/... https://www.theglobaleconomy.com/rankings/Unemployment_rate/#Euro_area https://www.theglobaleconomy.com/rankings/Unemployment_rate/... Post-COVID (peri-COVID? 2020) numbers are US 8.3 vs. EU 8.2%, so it has narrowed recently.

viro 5y ago

what about the significantly higher homelessness rates?