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newt0311
on Nov 7, 2008
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U.S. job losses soar, jobless rate at 14-year high
Its funny how we Americans run like headless chicken when the unemployment rate hits 6.3% while Europe has rates like that in the
good
years.
kqr2
on Nov 7, 2008
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The actual unemployment rate in America is higher because we stop counting people after their unemployment insurance runs out.
nradov
on Nov 8, 2008
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Wrong.
http://www.bls.gov/news.release/empsit.faq.htm
steveplace
on Nov 8, 2008
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Two numbers in the unemployment report: U3 and U6. U3 is lower and the one looked after in the media. U6 is much more harrowing and much more accurate.
jcl
on Nov 7, 2008
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On the other hand, unemployed Europeans get paid more.
(Or so the argument goes... No idea how true it is, as I can't find stats.)
mechanical_fish
on Nov 7, 2008
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[–]
Two words: health insurance.
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