Largest to Lowest Unemployment Rates
Countries all over the world are dealing with substantial unemployment rates. The countries with the higher unemployment rates seem to be the smaller countries. The countries that have smaller unemployment rates tend to be the larger countries. The unemployment rates have been drastically increasing because of the economic decline. Although the majority of the countries are in over their heads in unemployment, some countries are not in so deep.
There are countries that are fortunate and have smaller unemployment rates such as South Africa. South Africa has an unemployment rate of 21.7%. Although the size of this rate isn't very small South Africa has been working very hard to get their unemployment lower. Since September of 2008 South Africans unemployment rate dropped by 23% and has been decreasing ever since. Ever since Apartheid (the racial segregation law segregating blacks for the white people's gain) ended in South Africa the black south Africans have been able to start big businesses which opens up more and more jobs. Another country with a smaller unemployment rate is Saudi Arabia, which has an unemployment rate of 13%. Saudi Arabia has the highest amount of crude oil in the Middle East for supplying more jobs in the oil mines. Brazil has an unemployment rate of 8%. Brazil is characterized by its large and well developed agriculture, mining and manufacturing. With all of these well developed jobs there are plenty of job opportunities. The United States of America has an unemployment rate of 8.1%. The United States is very well developed and has the most technologically powerful economy in the world. With many large businesses and corporations there are many job opportunities for people to find jobs. China, with an unemployment rate of 6.1%, is one of the most advanced industrial countries in the world. China makes clothing, electronics, and many other goods that the human race uses. There are so many businesses in China it would not be hard to find a job. One of the smallest unemployment rates is found from the country/continent Australia. Australia has an unemployment rate of 4.5% and one of the main jobs is commercial fishing.
Unemployment varies but what causes it? There are three main causes for unemployment. The first is due to Cyclical Unemployment. Cyclical Unemployment is when stock markets have irregular ups and downs. These irregular ups and downs can cause big businesses stocks to plummet causing people to loose their jobs. The second cause is due to Structural Unemployment. Structural Unemployment is due to the fact that the human race has changes in the wants, resources,and the continual change in the technology throughout the stock markets. The final cause of unemployment is called Hard Core Unemployment. Hard Core Unemployment isn't what it sounds like, it is when someone is physically or mentally disabled so they can't stay in a job or for other reasons is unable to hold a job for long. Unemployment is a serious factor and a main reason that has countries economies crash.
Unemployment rate by country from Lowest to Highest
United States 8.1%
Saudi Arabia 13.00%
South Africa 21.7%