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Originally Posted by chickentribs
The Euro labor market has historically run a higher unemployment rate, but the level is more stable than ours in its reaction to economic indicators.
I guess my hope is that the Fed and Bush will get serious about incentives - be they stick or carrot - to U.S. companies to get the jobs back here. The "jobless recovery" our economy has enjoyed isn't helpful to unemployed workers.
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1. Europe has a higher enemployment rate (often in double digits), but their labor market is stronger becasue the unemployment rate rarely changes? That tells me that their labor markett is weak, not strong.
2. It's only a jobless recovery in the Dem halls in DC, the Upper East Side, and LA. The rest of the country has seen a boon. That said, I too wish the Bush Admin would be more proactive in having other countries accepts our goods. It pisses me off to no end that we are open to all markets, but all markets are not open to ours.