Major countries with high unemployment rate
1. South Africa – Unemployment rate: 26.70%
Unemployment rate is simply the number of people actively looking for employment without a current form of employment. Calculating the rate of a countries unemployment levels usually takes a number of factors into consideration. For example, looking at the number of unemployed people looking for employment and comparing that against the number of the population who are eligible for employment. There are many reasons why a countries unemployment would be high – which is a bad thing, or low – which is considered a good thing. It often stems from the countries economy and availability of jobs and opportunities for all classes of people. Factors that usually help countries gain low levels of unemployment would be countries that provide their own population with the opportunity to gain an education and qualifications, or have large industries within that can provide plenty of jobs, or simply have a strong and stable economy which also increases opportunity for jobs. Here we take a look at some notable and more economically developed countries and compare their levels of unemployment. We rank them by their last measured rate of unemployment as a percentage. The average worldwide unemployment rate was last measured at around 7.9% in April 2018.