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I was once trying to compare US unemployment to other countries but was not sure which "U" statistic is closest to how others measure unemployment. Anyone has a
by pkaye 12y ago
I was once trying to compare US unemployment to other countries but was not sure which "U" statistic is closest to how others measure unemployment. Anyone has an idea for example within the EU?
- hudibras 12y agoU3 http://stats.oecd.org/index.aspx?queryid=36324 http://stats.oecd.org/index.aspx?queryid=36324 One of the reasons the U3 definition won't be changed (or alternately, why the other U rates were created) is that it's harmonized with the other OECD countries' rates. So, say, a 6% unemployment rate means the same thing in the U.S., Germany, Japan, Greece, etc.