A New Look at U.S. and European Unemployment

Robert Horn and Philip Heap

Challenge, 2006, vol. 49, issue 2, 102-111

Abstract: Despite ongoing structural reforms, many European countries continue to suffer high rates of unemployment relative to the United States. The authors argue that reported unemployment statistics for both the EU-15 countries and the United States understate the degree of unemployment. Their work is based on an "age-adjusted" unemployment rate, which takes into account changes in the age and gender structure of the population. But they argue that without these factors, the reported unemployment rate is a misleading measure of the strength of the economy.

Date: 2006
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DOI: 10.2753/CHA0577-5132490208

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