A look at international unemployment rates can provide insight into talent markets.
Much insight can be derived from international unemployment rates. To explore international labor markets, PeopleScout has partnered with HRO Today to produce ongoing reports that compile current international labor market figures, including measures such as national gross domestic product (GDP) and unemployment rates over time, from countries across the globe. Such measures reveal critical information about the state of talent, working conditions, and recruitment needs of various countries and regions.Understanding unemployment rates requires more information about the overall economic environment from which they derive. Global economic growth is forecast to accelerate moderately to 2.7 percent in 2017. Growth in advanced economies is expected to increase to 1.8 percent in 2017, according to the World Bank’s January 2017 Global Economic Prospects report. Fiscal stimuli in major economies—particularly in the United States— could generate faster domestic and global growth than projected, although rising trade protection under the Trump administration could have adverse effects. Growth in emerging markets and developing economies as a whole should rise to 4.2 percent in 2017 from 3.4 percent in 2016.