Worldwide Unemployment Trends Summary To Come For 2016

Beginning later in 2016, HRO Today Magazine, along with PeopleScout, a global leader in recruitment process outsourcing (RPO) solutions, will produce an ongoing trending summary of global unemployment rates.

According to the World Bank, the worldwide GDP in 2014 was $USD 77.8 trillion. Approximately 22 percent of that is the U.S. GDP, which amounts to 17.4 trillion. The Gallup World Poll states that in 2013, there were 1.3 billion full time workers in the world, which is defined as adult population that works at least 30 hours per week for an employer.

Because of the vast number of international labor organizations, understanding employment levels in select countries is vital to meeting the staffing requirements necessary for successful business in those areas. For example, the U.S. Bureau of Labor Statistics reported that the December 2015 unemployment rate in the U.S. was 5 percent. Workforce planning would be considerably different in the U.S. than in Spain, which had a 20.9 percent unemployment rate during that time.

There will be 30 key countries reported in total from the following regions: North America, Latin America and EMEA, and APAC.

Consideration for the final selection of countries will depend upon each country’s GDP, the economic influence of the country within the region, and the availability of consistent and reliable unemployment data.

“Gross Domestic Product 2014,” The World Bank DataBank. 2015.

Tags: March-2016

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