1. 4. By way of illustration, in the first quarter of 1983, the seasonally adjusted rate of unemployment in the United States was 10.3 percent, compared to 8.5 percent in France, 7.1 percent in West Germany, and 13.7 percent in Great Britain. In 1972 the respective rates for these countries were 5.6 percent, 2.8 percent, 0.7 percent, and 4.2 percent. U.S, Department of Labor, “Unemployment Rates in Eight Countries, Civilian Labor Force Basis,” mimeographed (June 1983). For a typical, rather pessimistic view of the employment prospects in Europe for the 1980s, see Wall Street Journal, 2 Dec. 1982.