90.4k views
1 vote
Are U.S. unemployment rates typically higher, lower, or about the same as unemployment rates in other high-income countries?

a) Higher
b) Lower
c) About the same
d) Cannot be determined

User Jose Marin
by
8.3k points

1 Answer

2 votes

Final answer:

U.S. unemployment rates can vary compared to those of other high-income countries, with some periods having lower and others higher rates. Non-White people, the young, and high school graduates often experience higher unemployment rates in the U.S. than their counterparts.

Step-by-step explanation:

The U.S. unemployment rates vary compared to other high-income countries. At times, the United States may have lower unemployment rates than some high-income countries, but this is not a rule and can change based on economic conditions and labor policies. Comparing unemployment rates across countries requires considering various influencing factors like labor market policies, demographic makeup, and economic cycles. For instance, higher unemployment rates in Europe have often been attributed to more generous social welfare systems and stronger labor protections, which can discourage rapid hiring and firing.

Unemployment rates in the United States are also not evenly distributed across the population. Generally, unemployment rates tend to be higher for non-White people, the young compared to the middle-aged, and those with lower educational attainment, such as high school graduates versus college graduates.

User Aweyeahdawg
by
7.6k points