Unemployment Gloom Worldwide
Following on from my post about youth unemployment yesterday, I wanted to look at how the rest of the world faired on the unemployment front. To my utter delight, The Week posted an article today comparing unemployment statistics from different countries in Europe, as well as including figures from Australia, South Africa and the US.
The UK is going through the worst unemployment rate in 20 years, the extent of which was further highlighted in an article today in the Independent. However the rest of the world seems to be doing just as badly, in some cases worse.
Of the European countries, Spain and Greece have the highest levels of unemployment and Germany the lowest. According to the figures published in The Week, the UK and US are more or less a the same level of unemployment across the board, however the UK youth unemployment levels are higher. In fact, the UK youth unemployment percentage is higher than every other country listed, even Spain. Australia’s unemployment has raised slightly, as companies have been impacted by the economic situation in Europe. Take a closer look at the figures here.