Unemployment Rates Around the World
Worldwide unemployment rate have started to moderate with the notable exceptions of France and Italy.
The worldwide unemployment rate seems to indicate a bit of improvement as unemployment has been trending down over the most recent months that data is available. Unfortunately, it takes several months to collect the data from around the world so the most recent data is July 2012. The best performing country was Japan with an unemployment rate of only 3.9%. At 5.2% and 5.3% respectively we have Australia and the Netherlands. Germany was at 5.7%, Canada had 6.3% unemployment, Sweden had 7.4%, the U.S. had 8.3%, France was at 10.0% and Italy had 10.8% unemployment.
As you can see from the chart, up through 2011, the Netherlands had consistently lower unemployment than even Japan but in the past year it has begun climbing. It has crossed above Japan and is now in the range of Australia. During the same time period Gemany’s unemployment rate has fallen below that of Canada, while Italy has gone from middle of the pack to cross above Germany, Sweden, the U.S., and France to take the dubious honor of top spot.
See Also:
- What is the Real Unemployment Rate?
- What Is U-6 Unemployment?
- Employment vs. Unemployment
- Is the Government Fudging Unemployment Numbers?
- Unemployment and Employment Charts
- Unemployment Rate Chart – The seasonally adjusted unemployment rate from 1948 to the present is one of the most watched statistics. Where is it now and should you trust it?
- Current Employment Data – How many jobs are there actually? This chart shows Employment since Jan 2000 and what the current trend is.
- Misery Index– Created by economist Arthur Okun to help gauge the level of misery the average person is suffering. It is a combination of the inflation rate and the unemployment rate.
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