Richard Exell
Before the recession, this country could take some pride in its jobs record – our unemployment rate was lower than the average for developed countries. Over the past four years, unemployment has risen, but it has in most countries – what is our relative position like? Well, new figures from the U.S. Bureau of Labor Statistics provide a rather depressing answer to that question.
The BLS provides tables for the USA and nine other countries America compares itself with, one of which is the UK. The most usable figures are those that translate each set of national figures into US definitions. This means they’re not quite the figures we’re used to talking about in this country, but it’s the relative position we’re interested in here, so that doesn’t matter so much. Our unemployment rate is still a little lower than America’s and Italy’s, and significantly lower than France’s:(*)

Our unemployment rate is usually higher than Japan’s, but it is a little depressing to find ourselves lagging some of the other countries so badly. What’s much more interesting, though, is how these countries have coped with the impact of the global recession on their labour markets: (*)
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