Deploying a global workforce and ensuring access to the best talent is a crucial component of success for many enterprises. Global labor market data is an invaluable tool for multinational HR departments and can be used to inform critical decisions around the best countries and regions in which to grow. PeopleScout, a global provider of RPO, MSP, and total workforce solutions has partnered withÂ HRO TodayÂ magazine to produce quarterly reports that compile current international labor market figures, unemployment rates, and important trends from the worldâs leading economies by country and region.
With global unemployment levels remaining low once again, 26 of the 49 countries analyzed, reported showing levels of 5.0 percent or less. Both North America and APAC reported solid economic growth in the third quarter of 2018. EMEA showed considerably slower growth, mostly due to Germany’s weakening performance. Overall, Latin America’s growth went primarily unchanged since the second quarter, and Brazil, the region’s largest economy, did relatively well, with unemployment falling 0.5 percent.
In the third quarter, 22 of the 49 countries analyzed in this report announced decreases in national unemployment, while 13 reported an increase since the second quarter. The remaining 14 countries went unchanged since the second quarter.
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