Friday, May 6, 2011

Unemployment rates around the globe

A few weeks ago I posted that Spain's unemployment rate is over 21% and today, the Bureau of Labor Statistics released its monthly report saying "official" US unemployment is at 9%  (its really at 17% but Shhh... Shhh....)

So I was curious to see the most recent unemployment rate figures of other nations.  Because I do not know the interworkings of ever nation's Department of Labor, I can not state if or which nations doctor their numbers as is done in America.  So the following figures are the most accurate information I can provide...

Afghanistan- 35% as of March, 2011; yes 35 out of every 100 unemployed

Australia-  4.9% as of March, 2011-  that's a normal percentage

Austria- 4.8% as of February, 2011

Belgium- 7.6% as of February, 2011

Brazil-  6.5% as of February 2011, and their nation is really growing

Canada-  7.6% as of April, 2011

China- 4.1% as of late 2010; any surprise it will be #1 by 2016

Croatia- 19.3% as of March, 2011;  that's about 1 in 5

Egypt-  9.7% as of early 2011 before Mubarrak left

France-  9.5% as of April 2011; 2010 was 9.1% unemployed

Germany- 6.3% as of February, 2011

India- 10.8% as of early 2011; growing nation with expanding population

Ireland-  14.6% as of May, 2011; 1 in 7 out of work.. other 6 working for IMF

Italy- 8.6% as of January, 2011

Mexico- 5.38% as of February, 2011; with figures like that, you may start seeing 'gringos' rushing over the border for a job

Portugal- 11.2% as of January, 2011

Russia- 7.4% as of February, 2011

South Africa-  25% as of March, 2011; guess the World Cup didn't help

Spain-  21.3% as of April, 2011

United Kingdom-  7.8% as of February, 2011

United States-  9% as of May, 2011;  really 17% when counting the U-6 factors which are conveniently ignored (Kinda like saying only 9% of Americans are redheads by intentionally ignoring the other 8% from your calculations)

Vietnam-  2.9% as of March, 2011; guess that's what happens when a nation makes everything the rest of the world consumes

Zimbabwe- 95% as of early 2011; yes.. 95%.. 9 out of 10 jobless

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