Sunday, 12 April 2009

America’s 20% Unemployment Rate

Measuring unemployment is an art that can result in widely varied rates. Not surprisingly, the U.S. Government uses a method that excludes millions of Americans seeking employment. This lower rate is used to prove that America’s economic system is superior to those in Europe. Their higher unemployment rates are blamed on unions and socialism, which guarantee workers health care and paid vacations. The implication is that while many American workers lack such benefits, at least they have jobs. This argument is faulty since unemployment is measured differently.
http://www.sandersresearch.com/index.php?option=com_content&task=view&id=1403&Itemid=97

[Posted at the SpookyWeather blog, April 12th, 2009.]

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