Rebecca Wilder on News N Economics blog posted charts showing that relative to each country's previous levels of unemployment, current US unemployment levels are worse than Asia, Emerging Europe and other G7 countries with the exception of Latvia.
See Rebecca's wonderful charts in her blog post, "Unemployment rates: U.S. versus the rest of the world."
The economic policy question of the day is why is the US experiencing worse unemployment and slower job growth than most developed countries and what can be done to create faster job growth?
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