Report: U.S. jobless rate one of the worst in industrialized world

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A new report by the Bureau of Labor Statistics reveals that the United States has one of the highest unemployment rates in the industrialized world, only second to Sweden.

Sweden came in with an 8 percent unemployment rate, beating the U.S. with 7.7 percent in the November report. Japan had the lowest jobless rate at 3.7 percent.

Sweden’s government-funded employment agency has even urged the country’s citizens to look for work in poverty-stricken Greece.

Sweden was just below the U.S. rate in October and September, with Italy and France taking the top slots.

Some developed countries, such as Spain with a crippling 26 percent unemployment rate, were not included in the BLS comparisons program.

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