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The unemployment rate has been a constant battle in the United States, especially in the last five years. In 2010 the unemployment rate was at a high of 9.7%, in 2011 it was at 9.0%, in 2012 is what at 8.2%, in 2013 it was at 7.4%, and in 2014 it was at 6.6% (Unemployment, total (% of total laborforce) (modeled ILO estimate), 2015). This is relatively high compared to other countries, such as Germany. Germany in the last five years has had lower unemployment rates in the last five years, their highest rate in the last five years was lower than the United States second lowest year. In 2010, Germany’s unemployment rate was 7.1%, in 2011 it was at 5.9%, in 2012 it was at 5.4%, in 2013 it was at 5.3%, and in 2014 it was at 5.0% (Unemployment, total (% of total laborforce) (modeled ILO estimate), 2015). The rates in Germany are significantly lower than those of the United States. There are several factors that could contribute to this but the main ones that should be focused on by the United States is their educational system and the benefits that German employees receive. The Germans have unique educational system that better prepares the youth for the future and teaches them the skills needed for certain industries starting at a younger age. German employees also work less hours and receive better total compensation packages than those of most employees in the United Sates.
Cook, Natalie, "Cross-examining the United States and Germany's Education and Employee Treatments in Relation to the Unemployment Rate" (2015). Honors Theses. 2556.
Honors Thesis-Open Access