U.S. No Longer Among 20 Most Economically Prosperous Countries

A new report says the U.S. trails Thailand, Norway when it comes to prosperity.

A man walks down the street collecting cans on Oct, 20, 2011 in Reading, Pa. Reading, a city that once boasted numerous industries and the nation's largest railroad company, has recently been named America's poorest city with more than 65,000 residents.
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There are also other areas where the U.S. could show improvement, one of which is employment. As of 2011, the U.S. unemployment rate was 8.9 percent, and only 29.1 percent of Americans said it was a good time to find a job – compared to the global average of 33.8 percent. Meanwhile, Canada (No. 4 in economic prosperity) had a 7.4 percent jobless rate, and nearly 46 percent said it was a good time to go job hunting.

While the U.S. is 24th in the world in terms of economic prosperity, that is only one aspect of Legatum's index. The broader Prosperity Index, which includes criteria such as health, education, and governance, puts the U.S. at No. 11.

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