How can this blight of worklessness be squared with Britain's much-trumpeted low rate of unemployment?
In Mr Tulip's view, a good part of the difference between the low equilibrium rate of unemployment in America (and Britain) and the much higher rates in continental Europe can be attributed to Europe's higher minimum wages.
In other words, too low a rate of unemployment or too few Americans out of work, is bad for the economy because it would lead to too much inflation.
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In the case of Brazil, firms appear to be confusing rising demand with rising inflation and, in the face of a record low unemployment rate, and a limited amount of qualified labor, hoard and overpay workers despite falling output.
America's overall labour market is certainly buoyant, with an impressively low national unemployment rate of 5.4% in January, perhaps even less in February.
Tirelessly stumping from mountain meadow to beer hall, Mr Stoiber fired off figures aiming to show Bavaria is a paragon of low crime, low debt and low unemployment (6.5%, against a national rate of 10.6%), attractive to investors and holiday-makers alike.
This sounds bad, but should be evaluated in terms of our demographics, low unemployment rate, attractiveness to foreign investment and rising household savings.
Others move to emerging countries like Brazil, where the unemployment rate has reached a record low of 5.3%.
For instance, Eudaimonians would want a low unemployment rate, good schools and a high level of physical health.
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Although critics decry these as low-wage jobs, in a city with an unemployment rate of 7.8% (and very much higher in the inner wards), beggars cannot be choosers.
That would have been an impressive performance by any standards this is the ninth year of America's current economic expansion, remember especially when combined, as the Fund said it would be, with an unemployment rate pressed down to an extraordinary low of 4%, and an inflation rate of just 2.5%.
Even as the US unemployment rate ticked down t o a recent low of 9.0% in January 2011, much of that drop from 9.8% in November 2010 came because Americans gave up looking for jobs and 13.9 million people are out of work, double the number before the recession started.
The unemployment rate has fallen to a four-year low of 7.7 percent, among many signs of a healthier economy.
The US economy has added an average of 200, 000 jobs every month from November to February, bringing the unemployment rate in February to a four-year low of 7.7%.
If the economy had continued the 3.4% growth rate of the 1990s during the 2000s, unemployment would have remained low and the federal deficit would have remained manageable.
Mr Wyplosz concludes that low rates of inflation carry a significant unemployment cost, and that the optimal rate may be higher in Europe than it is in America.
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Japan has always had an unusually low unemployment rate, never hitting over 5.3% partly because of its policy of guaranteed employment in urban areas that forces workers to share jobs to keep more people employed.
But, after stripping out seasonality, the unemployment rate was 5.8% near the all time record low of 5.6% last year.
And Democratic partisans believe that sooner or later voters will reward Gore for the state of the U.S. economy, with its high growth rate, low unemployment and growing budget surplus.
U.S. market watchers of all stripes have grown increasingly alarmed by jobs data here, which seem to suggest that our current unemployment rate of 8.2% is either an illusion or unsustainably low.
The official unemployment rate is low in Wiltshire 2.4% compared with a national average of 6.2%.
There are lots of different ways to rate cities, but this matrix is designed to capture the cities with the best combination of low unemployment, high wages, and high expected job growth.
On Friday, the government reported that hiring in February was robust: Employers added 236, 000 jobs, and the unemployment rate fell from 7.9 percent in January to a four-year low of 7.7 percent.
Now, the unemployment rate in March in the U.S. fell to a four-year low of 7.6 percent.
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