HRO Today December 2017 - 70

Country
GDB $ Intl*
HRO Today Research
North America
US
Canada
Unemployment in the EMEA region
fell for nine of the 10 largest
economies, with only Saudi Arabia
reporting an uptick. The German
economy is the largest in the EMEA
region with a GDP of Intl $3,980
billion. Unemployment in Germany
declined 0.3 percent to 3.6 percent in
the third quarter of 2017.
The United Kingdom is the
third largest economy in EMEA.
Unemployment in the third quarter
fell to 4.3 percent, down from 4.6
percent in the second quarter.
According to the Office for National
Statistics, the U.K. economy grew by
just 0.4 percent in the third quarter
of 2017, following a 0.3 percent
expansion in the second quarter
of 2017. The Guardian reports
Italy, France, and Germany are also
expected to grow faster than the
U.K. next year, as Brexit uncertainties
continue to weigh on consumer
confidence and deter business
investment.
Asia Pacific
China
India
Japan
Indonesia
South Korea
Thailand
Taiwan
Australia
Malaysia
Philippines
Bangladesh
Vietnam
Singapore
Hong Kong
EMEA
Germany
Russia
United Kingdom
France
Italy
Turkey
Saudi Arabia
Spain
Egypt
Poland
Netherlands
South Africa
United Arab Emirates
Belgium
France is the fourth largest economy
in the EMEA region, but it maintains
a high unemployment rate of 9.5
percent, just a bit better than the
second quarter rate of 9.6 percent.
However, the rate declined by
0.5 percent since last year-an
encouraging sign. The French
economy grew by 0.5 percent during
the third quarter of 2017, following a
0.6 percent expansion in the second
quarter. It was the fifth straight
quarter of growth, reports Trading Economies.
Latin America
Preliminary data from FocusEconomics suggests that the
Latin American economy continues to grow steadily and
economnic recovery remains firmly underway. The regional
GDP expanded 1.6 percent in the third quarter, above the
second quarter's 1.1 percent increase. If confirmed, the
result would mark the fastest growth rate since the first
quarter in 2014.
[70]
HRO TODAY MAGAZINE
| DECEMBER 2017
Switzerland
Sweden
Kazakhstan
Austria
Qatar
Norway
Kuwait
Portugal
Israel
Denmark
17,078,919
1,566,057
21,269,331
7,724,946
4,783,747
3,027,746
1,828,687
1,152,421
1,125,988
1,071,336
859,881
793,193
620,376
592,848
484,951
427,632
3,979,664
3,745,081
2,549,211
2,508,845
2,051,488
1,894,731
1,720,027
1,548,505
1,092,634
981,305
799,124
672,524
669,679
469,999
454,207
451,376
433,909
380,034
319,818
313,621
288,382
285,668
277,859
261,556
% Unemployment
Rate
4.20
6.20
3.95
3.46
2.80
5.33
3.70
1.20
3.71
5.50
3.40
5.60
4.10
2.09
2.10
3.10
3.60
5.00
4.30
9.50
11.10
10.70
6.00
16.38
11.98
6.80
4.70
27.70
3.69
7.30
3.00
6.20
4.90
7.50
0.10
4.60
2.40
8.80
4.50
4.40
% Unemployment
Previous Period
4.40
6.50
3.97
4.90
3.10
5.33
3.60
1.32
3.79
5.50
3.40
5.70
4.10
2.09
2.20
3.20
3.90
5.20
4.60
9.60
11.30
11.70
5.60
18.75
12.00
7.40
5.10
27.70
3.69
6.80
3.00
7.20
4.80
7.60
0.10
4.60
2.20
10.10
4.50
4.30
However, Mexico, the second largest economy in
the region, defied the regional trend, despite a
low unemployment rate of 3.6 percent. Preliminary
estimates reveal that high inflation and disruptions from
two earthquakes in September decreased economic
growth; however, robust external demand and healthy
tourism revenues mediated some of this effect, finds
FocusEconomics.
For the full Global Unemployment Report, see www.hrotoday.com.
http://www.hrotoday.com

HRO Today December 2017

Table of Contents for the Digital Edition of HRO Today December 2017

HRO Today December 2017 - 1
HRO Today December 2017 - 2
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