HRO Today March 2016 - 54

Unemployment Index
Worldwide Unemployment
Trends Summary to
Come for 2016
By the Editors
Beginning later in 2016, HRO Today Magazine, along
with PeopleScout, a global leader in recruitment process
outsourcing (RPO) solutions, will produce an ongoing
trending summary of global unemployment rates.
According to the World Bank, the worldwide GDP in 2014
was $USD 77.8 trillion. Approximately 22 percent of that
is the U.S. GDP, which amounts to 17.4 trillion. The Gallup
World Poll states that in 2013, there were 1.3 billion full
time workers in the world, which is defi ned as adult
population that works at least 30 hours per week for an
employer.
Because of the vast number of international labor
organizations, understanding employment levels in select
countries is vital to meeting the staffi ng requirements
necessary for successful business in those areas. For
[54]
HRO TODAY MAGAZINE | MARCH 2016
example, the U.S. Bureau of Labor Statistics reported that
the December 2015 unemployment rate in the U.S. was
5 percent. Workforce planning would be considerably
different in the U.S. than in Spain, which had a 20.9
percent unemployment rate during that time.
There will be 30 key countries reported in total from the
following regions: North America, Latin America and
EMEA, and APAC.
Consideration for the fi nal selection of countries will
depend upon each country's GDP, the economic infl uence
of the country within the region, and the availability of
consistent and reliable unemployment data.
" Gross Domestic Product 2014, " The World Bank DataBank. 2015.

HRO Today March 2016

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