The world unemployment rate is still rising

The world unemployment rate is still rising

The world unemployment rate is still rising

Although some countries are not affected by recession, the unemployment is rising around the world. In the European Union, the 16 countries that use euro have an unemployment rate of 9.6% (Aug 2009). In the top 30 wealthiest countries in the world Spain is the last, having a 17.6% unemployment rate, while Netherlands leads with 3.2%.

In U.S. the unemployment rate reached 9.8% in September, this level being the highest in 13 years. Most economists are still pessimists and estimate that in 2010 the rate will reach over 10%. They also say that will take at least three years for U.S. to go back to the same figures as before the crisis.

Britain had a bad year, unemployment reaching almost 13 years high in July with 7.9%, but things seem to improve because the number of people losing their jobs decreased.

For France, economists have negative expectations, unemployment rate probably exceeding 10% this year, after reaching 9.2% in 2009.

In Germany the government financial support and the shorter working program that saved the population from mass layoffs, kept the rate in 2009 at 7.7% after 7.3% in 2008 and the higher 8.4% in 2007.

The top three countries with the highest unemployment rate in the world are: Nauru – 90%, Liberia – 85%, Zimbabwe – 80%. On the other side, the only three countries with no unemployment are Qatar, Andorra and Monaco.

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