Question

Are U.S. unemployment rates typically higher, lower, or about the same as unemployment rates in other high-income countries?

I got a answer that I found on this web site, but it is not helpful for me.

So, please do not copy&paste that answer for my posting.

The answer is that;

Unemployment rate in U.S have been lower as compare to other countries. This is because of the following reasons that internet is a new medium through which many job seekers can find the jobs in different companies. Internet has made job search an easier task. The growth of the temporary labor industry in recent years reduced the unemployment rate in U.S. In 1980s only 0.5 % of all labors were working. In early 2000s, the number had increased to 2%. Proportion of young workers was relatively high in 1970s because of the aging of baby boom generation. Today, U.S unemployment rate is lower because young generation of 1970s has now become middle aged workers. Middle aged workers are likely to have more stable jobs than young age workers.

Answer 1

Unemployment is a great concern in many countries. Unfortunately, it is impossible to maintain the joblessness at zero levels in an ideal economy. However, developed states strive to maintain the unemployment levels at minimal levels possible. It is a wise move due to the fact that the human resources available are maximumly utilized. Moreover, it leads to the growth of the real Gross Domestic Product as the public have disposable income for their expenditures.

Statistics reveal that unemployment levels in the United States are currently at 3.9. The state is actively implementing all strategies to reduce the rate. Indeed, the rates are lower than other countries as it has been ranked among the best performing economies. It is worth noting that, unemployment will always prevail due to the various causes of joblessness. Voluntarily unemployment is the leading cause of the state particularly among individuals who willingly reject their occupations. The data reveal that the United States has low levels of unemployment.