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The United States is not alone. We just saw the unemployment rate creep higher to 9.8% for September, and the rest of the world is coming with us.
The worldwide recession is still circling the globe, it seems, leaving slashed jobs in its wake. While the rise in unemployment is essentially a fact of life, how countries are responding to it differs widely. Some are spending aggressively to protect jobs; for example, by chipping in some extra cash to pay for shorter work weeks.
In the 30 countries comprising the Organization for Economic Cooperation and Development (OECD), unemployment is as low as 3.2% in the Netherlands and as high as 17.6% in Spain, as of July 2009.
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