U.S. labor market performance in international perspective: from 1960 to 2000, U.S. unemployment rates improved from relatively high to the lowest among the G7 countries; Canada and the United States were leaders in job creation, while Japan and Europe had much weaker employment gains. (Labor Market Performance).(Statistical Data Included)
From: Monthly Labor Review
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Date: 6/1/2002
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Author: Moy, Joyanna; Sorrentino, Constance
For developed economies, monthly unemployment and employment changes are considered the two most informative labor market indicators, providing knowledge about the current performance of the labor market and the economy as a whole. International analyses often focus on these two key indicators as well, to compare the functioning of labor markets across countries. Researchers have attempted to explain the reasons for international differences and to glean lessons from the more ...
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