CEPR - Center for Economic and Policy Research

Multimedia

En Español

Em Português

Other Languages

Home Publications Reports U.S. Unemployment Now As High as Europe

U.S. Unemployment Now As High as Europe

May 2009, John Schmitt, Hye Jin Rho, and Shawn Fremstad

From the early 1990s through the peak of the last business cycle, relatively low U.S. unemployment rates seemed to make the United States a model for the rest of the world’s economies. The Organization for Economic Cooperation and Development (OECD), the International Monetary Fund (IMF), and other international organizations all praised the U.S. unemployment performance and urged the rest of the world’s rich countries to emulate the “flexibility” of the U.S. model. However, this report shows that in the current economic crisis, the U.S. unemployment rate ranks 4th to last among the major OECD countries.

Report - PDF pdf_small | Flash flash_small

 

us-eu-ur-figure-1.png
us-eu-ur-figure-2.png

 

 

CEPR.net
donate_new
Combined Federal Campaign #79613