Originally Posted by Mjfossler
And Europeans wonder why they have 25% unemployment...
A little overstated.
Rates I have easy access to - May 2012 EU unemployment was 10.3%. By comparison, US rates for April 2012 (nearest month easily available) was 8.3%. The difference is the EU rates are getting worse while US rates are more or less stable or even recovering slightly.
I think you are thinking of certain EU countries which may be 25%.