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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (323935)1/31/2007 3:04:35 PM
From: TimF  Read Replies (1) of 1573201
 
People are not automatically dropped off the unemployment figure because they didn't find a job in 6 months. But I see your point, they are much less likely to report to any unemployment office if they aren't getting paid to do so.

Tell you what. Forget the official unemployment figures, and all the possibilities that they are counted differently. Look at the number of people working in the US compared to our population and then look at the same comparison for Germany. Now who has a higher percentage of unemployed people?

See figure 1 here
pc.gov.au

The US's workforce participation rate is higher than Germany's. Its also higher than France's, the UK's, Spain's, Portugal's, Belgium's, and OECD average, and presumably the EU's (the EU's level isn't listed but you can tell by the data on the individual countries).

So we have a lower official unemployment rate, and a higher workforce participation rate. In other words a larger percentage of Americans have jobs.

If your concerned that demographics are different and this somehow distorts the data, then scroll down on that Australian government study (the PDF link above) and look for figure 2, or adjusted workforce participation rates. The ranking of the US improves from 8th to 5th.
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