Monday, August 2, 2010
It turns out that the OECD (the club of developed countries) keeps harmonized statistics for various economic magnitudes of interest. The above shows the total number of unemployed persons across the entire OECD. As you can see, the phenomenon of high and persistent unemployment is general, not specific to the United States. The data above are a mix of annual, quarterly, and monthly data, with the most recent being May, 2010.