Worldwide unemployment rate from 1980 to 2029, by countries

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UID: EC-20240820-WORLD-02

Source

IMF

Last Updated

August 21, 2024

Time Range

1980-2029

Periodicity

Annual

Unit

Sector

Next Update

Indicator Summary

The Unemployment Rate is one of the most widely recognized and closely monitored economic indicators. It expresses the percentage of the labour force that is jobless yet actively looking for employment. Understanding the unemployment rate is crucial for assessing the overall health of an economy, shaping public policy, and guiding investment decisions. In this article, we’ll explore the unemployment rate, how it is calculated, and why it is such an important indicator. It is calculated using the following formula: Unemployment Rate=(Number of Unemployed Individuals / Labor Force)*100

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Citation

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International Monetary Fund. Worldwide unemployment rate from 1980 to 2029, by countries (360 Analytika, Ed.) [Dataset]. 360 Analytika. https://360analytika.com/worldwide-unemployment-rate-by-countries/