SatW 2021 Calendar
now on sale!
Odds and Ends
13 10, 4:43pm
Actually both are right.
The US has a lower unemployment rate based on people who are activly participating in the work force. The keyword here is activly. So a stay at home mom doesnt show up in this statistic as "unemployed"
Denmark on the other hand has in general a higher participating work force (defined as every adult between 15-65 years old)
So while the unemployment rate is higher in denmark, the are more people working there. (which probably goes back to more people unemployed since more people show up as active work force)
If its better to have a lower unemployment rate but less people participating in the labor market or a higher participation rate with a higher unemployment rate is up for discussion i guess.