Unemployment in France

What accounts for the todays difference in unemployment sites between France and US? France has one of the highest unemployment directs out of the industrialized nations. It has been at just about 10% for the last two decades. Many French workers depart go through unemployment at some point in their career, and it is an especially high probability for the low skilled workers and the young. at that place are many possible reasons for why France has a a great deal higher unemployment rate than the US and incompatible groups have different interpretations. Some say its because of differences in levels of economic performance, others that it is because the government has authorise so much on getting the economy go under for Europes single currency, that there is no money for jobs. much realistically though, it is because the French government excessively regulates the labor trade which tends to make it very rigid. The government with its legislation directly and indirectly limits firms in their hiring and it protects the employed rather than the unemployed. A comparison of the growing of the data for unemployment in US and France shows an overwhelming difference in the unemployment rates between the two countries.

In the last fewer years, the same way it has been in the last two decades, the rate of unemployment in the US has been far inferior to the rate of France. The middling standardized rate of unemployment for the period of 1996 to 2002 for France is 10.6% whereas it is 4.8% for the US (www.oecd.org). However, the rate of unemployment in the US addd from 4.2% in 1999 to 5.8% in 2002 while it decrease from 11.2% to 8.7% in France during the same period. But the downward trend of Frances unemployment rate switched around as France motto its rate increase from 9% in last semester of 2002 to 9.3% in first semester of 2003. The US saw theirs remain more stable although the OECD records a small increase from 5.9% to 6% in the same period and somewhat of a peak at 6.4 % for June 2003... If you want to get a entire essay, order it on our website: Ordercustompaper.com

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