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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (323171)	1/27/2007 8:29:59 PM
From: tejek	Read Replies (1) \| Respond to of 1573682

If the effect actually increases the unemployment rate (and the evidence clearly seems to indicate that it does) then it doesn't make the EU's unemployment rate "overstated", it just makes it higher. The people are actually unemployed. Forgetting that for the moment: You and Taro make such a big deal of how the unemployment rates are high in the socialist countries of Europe; specifically citing the unemploment rates for France and Germany. As it turns out, two of the most socialist nations in the EU have some of the lowest rates in Europe and lower rates than the US: HUNGARY 7.8.% SLOVAKIA 12.3% CYPRUS 5.0% MALTA 7.4% CZECH REP. 6.8% CZECH REP. 6.8% AUSTRIA 4.6% SLOVENIA 5.5% U.K. 5.5% SPAIN 8.4% FRANCE 8.8% SWEDEN 4.3% ITALY 6.8% Germany 8.2% GREECE 9.0% PORTUGAL 7.1% IRELAND 4.2% DENMARK 3.3% (lowest) NETHERLANDS 3.8% LUXEMBOURG 4.9% BELGIUM 8.3% LATVIA 6.2% ESTONIA 4.1% LITHUANIA 5.4% seattletimes.nwsource.com

To: TimF who wrote (323171)	1/27/2007 8:32:00 PM
From: tejek	Read Replies (1) \| Respond to of 1573682

If the effect actually increases the unemployment rate (and the evidence clearly seems to indicate that it does) then it doesn't make the EU's unemployment rate "overstated", it just makes it higher. The people are actually unemployed. That's right....they are unemployed and if the US did not discontinue unemployment benefits after 6 months but instead left them in place for two years like the EU, the US unemployment rate would be higher as well.