Hacker News Reader

Europe has way worse unemployment numbers than the US.

There are certainly countries in Europe that can match, and maybe even beat, US unemployment numbers on historical data while having much higher labour costs.

And there are US states that can match and beat almost all European states on unemployment numbers.

But my point is that the parent comment is wrong: the US has a lower unemployment rate than the EU as a whole, and a much lower unemployment rate if you only count the regions of Europe with high social welfare spending.

Reply on news.ycombinator.com