The Nudnik File

Nudnik - n. U.S. colloq. Esp. in Jewish usage: a pestering, nagging, or irritating person

Wednesday, February 02, 2005

              German unemployment highest since World War II...

In an alarming report, Germany's unemployment rate skyrocketed to its highest levels since the end of WWII.

The adjusted unemployment rate rose to 11.4 percent, a seven-year high, while the unadjusted jobless total passed 5 million for the first time since the war.

In December, Germany had the second highest unemployment rate after Spain among the 12 countries that share the euro, at 10 percent on a comparable basis. The rate in France was 9.7 percent.
In stark contrast ...

Germany's rising unemployment contrasts with the U.S., where the jobless rate probably remained unchanged at 5.4 percent in January as 200,000 jobs were created outside farming, a Bloomberg survey of 70 economists showed.

In the U.K., the latest available comparable rate is 4.6 percent for October.
So why does the American left continue to insist that the US needs to be more like "old" Europe? When will they understand that Europe's antiquated social policies (aka. socialist programs ... aka. the government trying to run the economy) just don't work?

|| Mad as Hell 1:34 PM
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