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"That is generally the case. Unemployment rates in the 8-12 neighborhood are considered a disaster in the US. In France they are normal." Except that the way t
by rguillebert 14y ago
"That is generally the case. Unemployment rates in the 8-12 neighborhood are considered a disaster in the US. In France they are normal."
Except that the way the unemployment rate is calculated is different in both countries, economists say that you should add 3 or 4% to the American unemployment rate to have comparable numbers.
- yummyfajitas 14y agoAccording to a quick look at Wikipedia, the only apparent difference is that Eurostat requires an unemployed person to be able to start work in the next two weeks, while the US BLS requires an unemployed person to have been able to start work last week. Is it your belief that the difference between "are you able to start work in the next two weeks" and "if a job were offered, could you have started work last week" is 3-4%?
- rguillebert 14y agoYou have to work less hours in the US to be considered employed, you are considered employed if you work 15 hours a week (my source is Jacques Sapir)
- yummyfajitas 14y agoThat is incorrect. All of Europe defines unemployment in accordance with the ILO, and the ILO counts a person who has performed any work as "employed". http://stats.oecd.org/glossary/detail.asp?id=778 http://stats.oecd.org/glossary/detail.asp?id=778