U.S. Jobless Rate May Soon Top Europe's

06/22/2009 05:12 am ET | Updated May 25, 2011
  • Floyd Norris New York Times

For many years, unemployment in the United States was lower than in Western Europe, a fact often cited by people who argued that the flexibility inherent in the American system -- it is easier to both hire and fire workers than in many European countries -- produced more jobs.

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