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Politics : Foreign Affairs Discussion Group

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To: Sig who wrote (125742)	3/7/2004 10:58:12 PM
From: Sam	Read Replies (1) of 281500

Why is our unemployment rate under 6% while Germany is around 12% ? Because we count unemployment differently from the Germans. In fact, we even count unemployment percentages in a different way than we count how many jobs are created or lost each month. Germany has a much stronger safety net for their unemployed, makes it much easier to remain so. Plus of course German companies have a harder time laying off people, so they have more incentives to make sure they need someone before hiring them. In the US, once people report that they have "stopped looking" for work, they no longer count as unemployed, no matter what reason they give for stopping. Our "real" rate of unemployment is certainly higher than 6%, though whether it is as high as 12% I don't know. I doubt it. But it doesn't count "underemployment." I'm not sure really how to count that, someone probably has a way, if anyone reading this has heard of it, please tell. I have heard it said that while losing some jobs, we have actually gained up to 2mm that are not being counted If this were demonstrably so (even weak demonstrable), somehow I suspect it would be front page news.

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