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April 2002, Vol. 125, No. 4

Utilization of labor resources in Japan and the United States

Toshihiko Yamagami
Senior Economist, Sumitomo Life Research Institute, Tokyo, Japan.

On the basis of U.S. definitions, Japan’s unemployment rate surpassed the U.S. rate for the first time in 2000; expanded measures show a much greater gap between the two countries’ underutilization rates.

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