Question

Compared to Western Europe, over the last three decades unemployment in the United States is and the rate of job creation is__

o lower,
o faster higher;
o faster lower,
o slower higher,
o slower

Answer 1

Over the past three decades, the unemployment rate in the United States has generally been lower and job creation faster compared to Western Europe. This is due to different labor market conditions, including more restrictive hiring and employment rules in Europe. o faster higher; is the correct answer.

Step-by-step explanation:

Compared to Western Europe, over the last three decades, unemployment in the United States is typically lower, and the rate of job creation is faster. Specifically, unemployment rates in European nations have traditionally been higher than in the United States.

For example, in 2006, the U.S. unemployment rate was 4.6%, compared with significantly higher rates in countries like France (9%), Germany (10.4%), and Sweden (7.1%).

This trend is in part due to Europe having a higher natural rate of unemployment because of more extensive rules and restrictions that discourage firms from hiring and unemployed workers from taking jobs.

Additionally, unemployment rates differ by various demographic groups within the United States itself, but in comparison to other high-income economies, the U.S. fares relatively well.