Unemployment Rate
Unfortunately the unemployment rate in most countries is relatively high. This is obviously reflective of the percentage of the population that is currently not working, but there are some things that make this statistic a little different then it comes on as. Those who are not actively seeking work but could be employed are not counted into this figure. Also, this figure does not take into consideration those who are retired or those who are not yet able to be employed in the country in question.
Of the countries listed the United Kingdom is third on the list. China has an unemployment rate of 4.3% and Germany has an unemployment rate of 7.5%. Germany's unemployment rate is slightly smaller than that of the United Kingdom. These three countries are the only ones on the list provided that have rates below the average of the world. The United States and India are the two on the list that are above the world average of 8.3%. According to an article written and posted by Larry Elliot in "The Observer" a United Kingdom News Outlet, the unemployment is mostly targeting the age group of 16 - 24. This is expected because this is how it is in most of the world. These workers are not yet experienced enough to win the jobs over people in the age group just above them. This being the 25-45 year old workers. The workers in this group have the experience people want and are more reliable because they are less likely to retire than those in the age group of 46-65. The unemployment in the 16-24 range is nearing 1,000,000 in the United Kingdom and does not look like it will stop anytime soon. It makes up just under half of the total unemployment which is estimated at 2.5 million by the end of this year. The unemployment rate itself is at 7.6% and the age group of 16-24 makes up around 40% of the countries unemployment; or 3.04% of total unemployment depending on how one wishes to look at it.
The unemployment rate is steadily approaching the average of the world, seeing as the 2008 figure was 2% less than the 2009 figure. Every country on the list has a larger unemployment rate than they did a year ago. This means that either less people are employed or more people are seeking work but this is likely a combination of the two in the countries with the largest amount of change like the United States which changed an unfortunate 3.5% in the last year. The United Kingdom may have an unemployment rate that is reaching 10% but of the countries on the list one cannot say they are doing bad by any means. They are both the median number and the average number upon quick inspection of the data. Though an unemployment rate of 7.6% is not a good thing it is still better than the average, meaning that at this point in time the United Kingdom is feeling the effects of the worldwide recession less than most, at least in terms of unemployment.
Of the countries listed the United Kingdom is third on the list. China has an unemployment rate of 4.3% and Germany has an unemployment rate of 7.5%. Germany's unemployment rate is slightly smaller than that of the United Kingdom. These three countries are the only ones on the list provided that have rates below the average of the world. The United States and India are the two on the list that are above the world average of 8.3%. According to an article written and posted by Larry Elliot in "The Observer" a United Kingdom News Outlet, the unemployment is mostly targeting the age group of 16 - 24. This is expected because this is how it is in most of the world. These workers are not yet experienced enough to win the jobs over people in the age group just above them. This being the 25-45 year old workers. The workers in this group have the experience people want and are more reliable because they are less likely to retire than those in the age group of 46-65. The unemployment in the 16-24 range is nearing 1,000,000 in the United Kingdom and does not look like it will stop anytime soon. It makes up just under half of the total unemployment which is estimated at 2.5 million by the end of this year. The unemployment rate itself is at 7.6% and the age group of 16-24 makes up around 40% of the countries unemployment; or 3.04% of total unemployment depending on how one wishes to look at it.
The unemployment rate is steadily approaching the average of the world, seeing as the 2008 figure was 2% less than the 2009 figure. Every country on the list has a larger unemployment rate than they did a year ago. This means that either less people are employed or more people are seeking work but this is likely a combination of the two in the countries with the largest amount of change like the United States which changed an unfortunate 3.5% in the last year. The United Kingdom may have an unemployment rate that is reaching 10% but of the countries on the list one cannot say they are doing bad by any means. They are both the median number and the average number upon quick inspection of the data. Though an unemployment rate of 7.6% is not a good thing it is still better than the average, meaning that at this point in time the United Kingdom is feeling the effects of the worldwide recession less than most, at least in terms of unemployment.
