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Explaining G8 Effectiveness in the Approach to the New Millenium

Professor John Kirton
University of Toronto
Toronto, Canada

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TABLE I

Unemployment Rates, Civilian Labor Force Basis, Approximating U.S. Concepts,

Seasonally Adjusted, 1975-1997

 

 

 

US

 

Japan

 

Germany

 

France

 

Italy

 

UK

 

Canada

 

1975

 

8.5

 

1.9

 

3.4

 

4.2

 

3.4

 

4.6

 

6.9

 

1976

 

7.7

 

2.0

 

3.4

 

4.6

 

3.9

 

5.9

 

7.2

 

1977

 

7.1

 

2.0

 

3.4

 

5.2

 

4.1

 

6.4

 

8.1

 

1978

 

6.1

 

2.3

 

3.3

 

5.4

 

4.1

 

6.3

 

8.4

 

1979

 

5.8

 

2.1

 

2.9

 

6.1

 

4.4

 

5.4

 

7.5

 

1980

 

7.1

 

2.0

 

2.8

 

6.5

 

4.4

 

7.0

 

7.5

 

1981

 

7.6

 

2.2

 

4.0

 

7.6

 

4.9

 

10.5

 

7.6

 

1982

 

9.7

 

2.4

 

5.6

 

8.3

 

5.4

 

11.3

 

11.0

 

1983

 

9.6

 

2.7

 

6.9*

 

8.6

 

5.9

 

11.8

 

11.9

 

1984

 

7.5

 

2.8

 

7.1

 

10.0

 

5.9

 

11.8

 

11.3

 

1985

 

7.2

 

2.6

 

7.2

 

10.5

 

6.0

 

11.2

 

10.5

 

1986

 

7.0

 

2.8

 

6.6

 

10.6

 

7.5*

 

11.2

 

9.6

 

1987

 

6.2

 

2.9

 

6.3

 

10.8

 

7.9

 

10.3

 

8.9

 

1988

 

5.5

 

2.5

 

6.3

 

10.3

 

7.9

 

8.6

 

7.8

 

1989

 

5.3

 

2.3

 

5.7

 

9.6

 

7.8

 

7.3

 

7.5

 

1990

 

5.6*

 

2.1

 

5.0

 

9.1

 

7.0

 

7.0

 

8.1

 

1991

 

6.8

 

2.1

 

4.3n

 

9.6

 

6.9*

 

8.9

 

10.4

 

1992

 

7.5

 

2.2

 

4.6n

 

10.4*

 

7.3n

 

10.1

 

11.3

 

1993

 

6.9

 

2.5

 

5.7n

 

11.8

 

10.2*n

 

10.5

 

11.2

 

1994

 

6.1*

 

2.9

 

6.5n

 

12.3

 

11.3n

 

9.6n

 

10.4

 

1995

 

5.6

 

3.2

 

6.5n

 

11.7

 

12.0n

 

8.8n

 

9.5

 

1996

 

5.4

 

3.4

 

7.2n

 

12.5n

 

12.1n

 

8.3n

 

9.7

 

1997

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

I

 

5.3

 

NA

 

NA

 

NA

 

12.3

 

7.5

 

9.6


*Break in Series. U.S. (1990, 1994), France (1992), Germany (1983), Italy (1986, 1991, 1993). These breaks are reflective of changes in methods of calculations.

Source: Bureaus of Labor Statistics, U.S. Department of Labor, May 1997.

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