It’s Better to Lose Your Job in America

Yesterday’s Wall Street Journal had an interesting editorial on the vibrancy of the U. S. economy compared to other 1st world ones. They gave interesting statistics on economic growth, unemployment rates, job growth and other key factors. The U. S. compared very well to the 27 other countries in the OECD, leading in most categories.

The statistic that really caught my eye was on long-term unemployment. If you lose your job in the U. S., 91.5% find a job within a year. In Britain only 76.9% do so; Japan 69.2%; France 66.2%; Germany 52.1% and Italy 40.8%. Huge differences!

So even though there are those who would have you believe that “the sky is falling” with our economy, as the WSJ said, “It’s nice to know that America’s “sluggish” economy remains a world-beater.”