July 06, 2007
Unemployment
Posted by Gordon Smith

The Labor Department released its monthly unemployment figures today. Here is a graphical representation of recent rates from the W$J:

Unemployment

Notice that the line is plunging from 5.5% in 2004. Much of Europe wouldn't even appear on this scale. Since 2004, unemployment in Germany and France, using U.S. concepts, has gone from over 10% to roughly 9%. See here.

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