FYI: In spite of concerns of a slowing global economy, the unemployment rates of most major economies tracked in our Global Macro Dashboard around the world still appear to be at fairly healthy levels at the lower end of the past decade's range. As shown in the table below, Canada, China, France, Germany, Japan, Russia, Spain, Switzerland, the UK, and the US are all within the lowest 5% of readings for unemployment of the past decade. While most other countries find themselves in more middling percentiles, only South Africa's unemployment rate is at its highest level of the past decade at 29.1%; 7.6 percentage points above the decade's low. Other than that, only Brazil, Italy, and Sweden are currently more than one percentage point above their 10-year low in unemployment.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/global-unemployment-rates-still-healthy
