HRO Today December 2017 - 69

HRO Today Research
WORLDWIDE UNEMPLOYMENT SNAPSHOT: 3Q - 2017
NORWAY
FINLAND
UNITED
KINGDOM
CANADA
IRELAND
DENMARK
NETHERLANDS
POLAND
GERMANY
BELGIUM
FRANCE
UNITED STATES OF AMERICA
PORTUGAL
SPAIN
SWITZERLAND
ITALY
TURKEY
GREECE
ISRAEL
EGYPT
MEXICO
SAUDI ARABIA
UNITED ARAB
EMIRATES
KUWAIT
QATAR
INDIA
HONG KONG
COLOMBIA
BANGLADESH
THAILAND
MALAYSIA
SINGAPORE
PERU
BRAZIL
VIETNAM
PHILIPPINES
TAIWAN
CHINA
SOUTH KOREA
JAPAN
AUSTRIA
KAZAKHSTAN
SWEDEN
RUSSIA
INDONESIA
AUSTRALIA
CHILE
ARGENTINA
SOUTH AFRICA
0 - 3.9%
4.0 - 4.9%
5.0 - 9.9%
Note: Only those countries included in the Worldwide Unemployment Snapshot in this report are shown.
10.0 - 14.9%
15.0 % and above
(not included)
© 2017 SharedXpertise
WORLDWIDE UNEMPLOYMENT SNAPSHOT 3Q 2017
the major driver of growth this year benefi ting from the
convergence of favorable developments, including the
best labor market in years, low interest rates, and the
wealth effects associated with surging home prices in
parts of the nation.
Asia Pacifi c
The economy of the Association of Southeast Asian
Nations' (ASEAN), which is comprised of 10 countries in
Southeast Asia, has been growing steadily with regional
annual GDP growth increasing from 5.0 percent in
the second quarter to 5.3 percent in the third quarter.
The result marks the fastest growth rate since the fi rst
quarter of 2013, according to FocusEconomics. Estimates
on Indonesia, the fourth largest economy in the region,
revealed slower-than-expected growth in the third
quarter, with GDP growth for the quarter fl at at 5.1
percent.
The Chinese GDP expanded 6.8 percent in the third
quarter, just a notch below the 6.9 percent increase
reported in the fi rst half of the year, and remains well
positioned to achieve 2017's 6.5 percent growth target.
The Chinese GDP is reported at Intl $21,269 billion
annually, more than twice the next largest economy in the
region, India, which reported a GDP of Intl $8,721 billion
annually. China's published unemployment rate remains
consistent with last quarter at 3.95 percent.
Japan, the third largest economy in Asia-Pacifi c,
maintained a low unemployment rate of 2.8 percent,
down from 3.1 percent in the second quarter and better
than the year ago level of 3 percent. The Japanese
economy expanded for the seventh consecutive quarter in
Q3, the longest period of growth in more than a decade.
The GDP rose 1.4 percent in the third quarter over the
second quarter, according to FocusEconomics.
Europe, the Middle East and Africa
DECEMBER 2017 | www.hrotoday.com
[69]
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HRO Today December 2017

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