Berkeley CSUA MOTD:Entry 53050
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2018/07/16 [General] UID:1000 Activity:popular
7/16    

2009/5/27 [Politics/Foreign/Europe] UID:53050 Activity:nil
5/27    Tell us again how that inflexible European model causes unemployment:
        http://tinyurl.com/qjaeor
2018/07/16 [General] UID:1000 Activity:popular
7/16    

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Cache (709 bytes)
tinyurl.com/qjaeor -> www.cepr.net/index.php/publications/reports/u.s.-unemployment-now-as-high-as-europe/
Share Share US Unemployment Now as High as Europe May 2009, John Schmitt, Hye Jin Rho, and Shawn Fremstad From the early 1990s through the peak of the last business cycle, relatively low US unemployment rates seemed to make the United States a model for the rest of the world's economies. The Organization for Economic Cooperation and Development (OECD), the International Monetary Fund (IMF), and other international organizations all praised the US unemployment performance and urged the rest of the world's rich countries to emulate the "flexibility" of the US model. However, this report shows that in the current economic crisis, the US unemployment rate ranks 4th to last among the major OECD countries.