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Unemployment In France

What accounts for the today's difference in unemployment rates between France and US?
France has one of the highest unemployment rates out of the industrialized nations. It has been at around 10% for the last two decades. Many French workers will go through unemployment at some point in their career, and it is an especially high probability for the low skilled workers and the young. There are many possible reasons for why France has a much higher unemployment rate than the US and different groups have different interpretations. Some say it's because of differences in levels of economic performance, others that it is because the government has spend so much on getting the economy ready for Europe's single currency, that there is no money for jobs. More realistically though, it is because the French government excessively regulates the labor market which tends to make it very rigid. The government with its legislation directly and indirectly limits firms in their hiring and it......


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Approximate Word Count: 2760
Approximate Pages: 12 (250 words per double-spaced page)

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