More on Canadian and EU Unemployment

According to the ranked state unemployment rate data from the BLS, if Canada were the 51st U.S. state, its unemployment rate of 6.1% would rank #48, just slightly ahead of states like Mississippi and Michigan.

As a previous post pointed out, Canada is celebrating a 6.1% jobless rate as the lowest rate in 30 years. When a U.S. state like Michigan has 6% unemployment, it's called a "single state recession."

And if Belgium (8.2%), France (8.6%), Germany (8%), Spain (8.4%) were added as U.S. states they would each rank #51 with the highest unemployment rates in the U.S., behind Mississippi (7.5%).

Even the U.S. state with the highest unemployment, Mississippi at 7.5%, is below the AVERAGE for the Euro area (7.6%).