U.S. Unemployment Rate Looks Good, Compared to Some Other Countries

Updated

I don't know how this was kept a secret for so long, but a newspaper in Namibia is reporting that the country had 51.2 percent unemployment in 2008. That's a far cry from the U.S. unemployment rate of 9.6 percent in August 2010, and even lower than some other countries.

Drops in agriculture, mining and manufacturing jobs in Namibia were blamed for the high unemployment, as were the recession and global warming. It took the government a year to verify the numbers and another year to release the report.

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