Whenever Europeans teased us in recent years about the U.S.'s tattered image abroad, at least we were able to say we have jobs.

In the last 15 years, the U.S. jobless rate has never exceeded 7% and averaged 5.1%. Some European countries like Germany never had a jobless rate below 7% during that time. Oh how things have changed.

How soon before we match the historically high unemployment rates across Europe?

categories: Economic Scene

4:47 - November 11, 2008

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