International Unemployment Rates
The imminent European currency unification has focused more attention on the relative performance of various countries’ economies. Substantial differences in unemployment rate levels among Euro participants have continued, despite attempts to harmonize their economies. Even their recent unemployment trends differ substantially: rates in Germany, France, Austria, and Italy show little improvement, while the labor-market conditions of other Euro participants have improved noticeably.
Suggested citation: “International Unemployment Rates,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-12, pp. 13, 12.01.1998.