Thursday, January 11, 2007

More on Canadian and EU Unemployment

According to the ranked state unemployment rate data from the BLS, if Canada were the 51st U.S. state, its unemployment rate of 6.1% would rank #48, just slightly ahead of states like Mississippi and Michigan.

As a previous post pointed out, Canada is celebrating a 6.1% jobless rate as the lowest rate in 30 years. When a U.S. state like Michigan has 6% unemployment, it's called a "single state recession."

And if Belgium (8.2%), France (8.6%), Germany (8%), Spain (8.4%) were added as U.S. states they would each rank #51 with the highest unemployment rates in the U.S., behind Mississippi (7.5%).

Even the U.S. state with the highest unemployment, Mississippi at 7.5%, is below the AVERAGE for the Euro area (7.6%).


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