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| Economy |
| U.S. now beating European unemployment rates |
| 2009-11-11 |
| For many on the left, the lament for years has been: Why can't America be more like Europe? Why can't the American lifestyle be more like the European lifestyle? Why can't our food be more like Europe's? Why can't rustic Americans be more like sophisticated Europeans? The sentiment has resurfaced in recent months as the health-care debate has raged on -- why can't the American health-care system be more like Europe's? Well, America is now just like Europe in one respect: the unemployment rate. The official U.S. unemployment rate, reported last Friday, now stands at 10.2 percent. It shot up from 9.8 percent in September, blasting through expectations and well besting the European average. According to the European Union, the unemployment rate in the 16-nation Euro area in September (the most recent month available) was 9.7 percent. |
| Posted by:g(r)omgoru |
| #1 Socia!ism - the gift that keeps on giving. [Sorta like herpes] |
| Posted by: Procopius2k 2009-11-11 09:13 |