HRO Today July/August 2017 - 44

HRO Today Research
WORLDWIDE UNEMPLOYMENT SNAPSHOT
Q1 2017
Country
North America
US
GDP figures disappointed
in Vietnam. A new tax
on natural resources,
declining output from
mature oil fields, and a
disruption in smartphone
supply chains weighed on
manufacturing output, finds
FocusEconomics' Economic
Snapshot for ASEAN.
Japan maintained a low
unemployment rate of 2.8
percent, down from 3.1
percent at the end of 2016-
the largest improvement in
unemployment in APAC in
the last quarter.
Europe, the Middle East, and
Africa (EMEA)
The German economy is
the largest in EMEA with
a GDP of $3.980 billion.
Unemployment in Germany
remained stable at 3.9
percent in the first quarter
of 2017.
Canada
Asia Pacific
China
India
Japan
Indonesia
South Korea
Australia
Thailand
Taiwan
Malaysia
Philippines
Bangladesh
Vietnam
Singapore
Hong Kong
EMEA
Germany
Russia
United Kingdom
France
Italy
Saudi Arabia
Spain
Turkey
Egypt
Poland
Netherlands
South Africa
United Arab Emirates
Belgium
Sweden
Switzerland
Kazakhstan
Austria
Norway
Qatar
Israel
Portugal
Kuwait
Greece
Denmark
Ireland
Finland
Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Peru
3,979,664
3,745,081
2,787,748
2,736,378
2,213,909
1,720,027
1,674,019
1,665,332
1,092,634
1,051,559
856,265
735,078
669,679
504,757
495,586
493,126
433,909
413,333
363,290
319,818
297,046
289,791
288,382
285,976
258,702
257,417
224,999
France, the fourth largest
economy in EMEA,
remains troubled by a high
unemployment rate of 10
percent, which hasn't improved in recent months. The
French GDP expanded a meager 0.3 percent over the
previous quarter. In general, economic growth has been
lackluster in France and the incoming government will
inherit an economy in need of reforms to boost growth
reports FocusEconomics' Economic Snapshot for the Euro
Area.
© 2017 SharedXpertise
3,134,247
2,227,176
971,608
690,847
433,118
407,674
3.90
5.40
4.60
10.00
11.70
5.60
18.75
12.60
12.00
8.10
5.10
26.50
3.69
6.90
6.80
3.30
4.90
8.60
4.30
0.20
4.20
10.10
2.20
23.20
4.30
6.20
9.60
13.70
3.19
7.60
9.70
6.60
6.80
3.90
5.60
4.80
10.00
12.00
5.70
18.63
12.10
12.40
8.60
5.30
26.50
3.60
7.60
7.30
3.70
4.90
10.30
4.40
0.20
4.30
10.50
2.20
23.00
4.30
6.80
9.20
12.00
3.40
8.50
8.70
6.10
7.20
4.30
5.80
5.10
10.00
11.50
5.60
20.90
10.30
12.77
10.30
6.50
24.50
3.60
7.90
7.90
3.70
5.10
9.10
4.50
0.20
5.10
12.20
2.90
24.00
4.40
8.80
9.40
7.60
4.30
5.90
11.90
5.80
7.40
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Data from the International Monetary Fund (2017)
policy toward Latin America has receded somewhat
during the first quarter of 2017. The economy of Latin
America contracted 0.7 percent in 2016, marking the worst
economic performance since the region was hit by the
global financial crisis in 2009.
9
South Africa is the largest economy on the continent,
and suffers from an enormous unemployment rate of
26.5 percent, which is worse than 2016's rate of 24.5
percent. Without urgent action to address low levels of
competitiveness, Africa's economies will not create enough
jobs for the young people entering the job market.
Latin America
Uncertainty related to the potential course of U.S. trade
[44]
HRO TODAY MAGAZINE
| JULY/AUGUST 2017
Brazil is the largest economy in Latin America with
a GDP of $3.134 billion. It suffers from the region's
highest unemployment at 13.70 percent, which is up 6.1
percentage points since the first quarter of 2016.
The Mexican economy is the second largest in the region
and its quarterly unemployment rate fell to 3.19 percent,
an improvement of 0.2 percent from the prior quarter and
1.1 since the first quarter of 2016.
For more information from the global unemployment report, visit
www.hrotoday.com/category/market-intelligence/research.
GDB $ Intl
18,561,934
1,671,860
21,269,331
8,720,758
4,932,102
3,027,746
1,916,439
1,177,603
1,152,421
1,125,988
859,881
793,193
620,376
592,848
484,951
427,632
% Unemployment
Rate
4.40
6.80
3.97
4.90
2.80
5.33
4.00
5.88
1.30
3.84
3.40
6.60
4.30
2.11
2.30
3.20
% Unemployment
Previous Period
4.80
6.80
4.02
4.90
3.10
5.61
3.60
5.70
1.20
3.82
3.50
4.70
4.30
2.14
2.20
3.30
% Unemployment
Previous Year
4.90
7.10
4.05
4.90
3.20
6.18
3.50
6.00
0.91
3.91
3.10
5.80
4.30
2.35
1.90
3.30
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http://www.hrotoday.com/category/market-intelligence/research
HRO Today July/August 2017

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