How Europe manages to keep a lid on coronavirus unemployment while it spikes in the U.S.

European countries like France and Germany have been able to keep their unemployment rates low because of pre-existing programs that have been called to action during COVID-19. In France, the government subsidizes up to 84% of wages to incentive companies not to lay their employees off. In Germany, their short-time work program pays up to two-thirds of employee pay. While not an inexpensive method, some say it could help their economies replenish quicker after the pandemic.

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