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Right, so a direct comparison of the unemployment rates is problematic.
by Wolke on Tue Mar 28th, 2006 at 10:29:24 AM EST
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Why? Unemployment measures the number of people looking for work. If you mean that the labour participation has risen from (guessing) 45% to 70% that's true but not directly relevant. It's one factor certainly: there are far more people in work now than in the 60s.

Welcome aboard by the way,

by Colman (colman at eurotrib.com) on Tue Mar 28th, 2006 at 10:36:17 AM EST
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