U.S. Unemployment Now as High as Europe

John Schmitt, Hye Jin Rho and Shawn Fremstad

CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR)

Abstract: From the early 1990s through the peak of the last business cycle, relatively low U.S. 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 U.S. unemployment performance and urged the rest of the world’s rich countries to emulate the "flexibility" of the U.S. model. However, this report shows that in the current economic crisis, the U.S. unemployment rate ranks 4th to last among the major OECD countries.

Keywords: unemployment; unemployment rate; Europe; United States (search for similar items in EconPapers)
JEL-codes: E E2 E24 J J1 J11 O51 (search for similar items in EconPapers)
Pages: 4 pages
Date: 2009-05
New Economics Papers: this item is included in nep-lab
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.cepr.net/documents/publications/US-EU-UR-2009-05.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:epo:papers:2009-20

Access Statistics for this paper

More papers in CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR) Contact information at EDIRC.
Bibliographic data for series maintained by ().