Question: Which Country Has The Worst Unemployment Rate?

Which country suffers from the highest rate of youth unemployment?

SpainThe country with the highest youth unemployment is Spain, with over 53% of their labour force aged 15-24 out of work.

Over half of those aged between 15-24 are also unemployed in South Africa and Greece..

What is the US unemployment rate right now?

6.7 percentTotal nonfarm payroll employment declined by 140,000 in December, and the unemployment rate was unchanged at 6.7 percent, the U.S. Bureau of Labor Statistics reported today.

Is unemployment at a 50 year low?

The US unemployment rate has fallen to a 50-year low, possibly easing recession worries after recent weak economic data. The Labor Department figures showed that the rate fell to 3.5% in September from 3.7%, with the economy adding 136,000 jobs last month.

Which country has the lowest youth unemployment rate?

RwandaAlong with Cambodia, Rwanda is the country recording the lowest youth unemployment rate in the world — just 0.7 percent.

What country has the highest unemployment rate in Asia?

PalestineThe average for 2019 based on 46 countries was 5.73 percent. The highest value was in Palestine: 26.17 percent and the lowest value was in Qatar: 0.09 percent.

Which country has the highest rate of unemployment?

The 20 countries with the highest unemployment rate in 2017Unemployment rateKiribati30.6%Kosovo30.5%Libya30%American Samoa29.8%9 more rows•Sep 15, 2020

What is the lowest unemployment rate in history?

Although the decrease in the number of unemployed people was relatively small by historical standards, the jobless rate fell to its lowest level since 1969, when it was 3.4 percent. In 2019, the unemployment rates declined to 3.5 percent for both men and women.

What was the highest unemployment rate in history?

The highest rate of U.S. unemployment was 24.9% in 1933, during the Great Depression. 1 Unemployment remained above 14% from 1931 to 1940. It remained in the single digits until September 1982 when it reached 10.1%. 2 During the Great Recession, unemployment reached 10% in October 2009.

What’s a healthy unemployment rate?

The level at which unemployment equals positive output is highly debated. However, economists suggest that as the U.S. unemployment rate gets below 5%, the economy is very close to or at full capacity. So at 3.5% one could argue the level of unemployment is too low, and the U.S. economy is becoming inefficient.

Is US unemployment at an all time low?

The household survey finds that the unemployment rate fell to 3.5 percent in September, marking the 19th consecutive month at or below 4 percent unemployment. The unemployment rate is the lowest it has been since May 1969—over 50 years ago. All Americans are benefiting from the labor market’s continued improvement.

Why is youth unemployment so high?

Reasons for youth unemployment This is for two main reasons. Firstly, young people often have little or no labour market experience, and frequently lack relevant skills. Secondly, businesses face higher costs of investment and lower costs of termination when employing young workers.

What city has the highest unemployment?

Main FindingsOverall RankCityChange in Unemployment (October 2020 vs January 2020)1Lincoln, NE0.36%2South Burlington, VT13.71%3Sioux Falls, SD-8.31%4Omaha, NE1.21%71 more rows•Dec 3, 2020

What city has the worst unemployment rate?

Main FindingsOverall RankCityChange in Unemployment (October 2020 vs January 2020)1Lincoln, NE0.36%2South Burlington, VT13.71%3Sioux Falls, SD-8.31%4Omaha, NE1.21%71 more rows•Dec 3, 2020

What is the US Unemployment Rate March 2020?

4.5 percentU.S. unemployment rate: 4.5 percent, March 2020.