Global unemployment: Where does Australia rank?

If Australia's unemployment rate worries you, be glad you’re not an HR manager in Mauritania – but which country has the fewest unemployed people?

Global unemployment: Where does Australia rank?
Australia's unemployment rate has been up and down since it shot up from 4.2% to 5.6% in 2009, and it’s projected to continue to hold steady at a peak of 5.7%.
 
If that sounds high to you, be glad you’re not trying to find a job in Mauritania or Bosnia and Herzegovina where the unemployment rate sits 30.8% and 28.7% respectively.
 
A low unemployment rate can make things tougher for HR, creating essentially a seller’s market where potential candidates have more options and can therefore be pickier about the salary and benefits they want. Hiring managers in Singapore might wish the unemployment rate was a bit higher than 3.1%, especially when they have skilled roles to fill.
 
Australia's rate is lower than that of New Zealand, the United Kingdom and the US, but is still well above Singapore's table-leading 3.2%. 
 
 
Country 2011 2012 2013 2014 [Projected]
Singapore 2.9 2.8 3.1 3.2
Japan 4.5 4.3 4.1 4
China 4.3 4.5 4.6 4.7
Austria 4.1 4.3 4.8 4.9
Germany 5.9 5.4 5.3 5.3
Australia 5.1 5.2 5.6 5.7
New Zealand 6.5 6.9 6.4 6.1
Canada 7.4 7.2 7.1 7
United Kingdom 7.8 8 7.5 7.3
United States 9 8.2 7.5 7.2
France 9.2 9.9 10.5 10.9
Ireland 14.6 14.7 13.6 13.4
Greece 17.7 24.2 27.6 28.1
Bosnia and Herzegovina 27.6 28.1 28.6 28.7
Mauritania 31 31 30.9 30.8
 
 

Free newsletter

Our daily newsletter is FREE and keeps you up-to-date with the world of HR. Please complete the form below and click on subscribe for daily newsletters from HRD Australia.

Recent articles & video

This ‘Australian-first’ VR training is the future of HR

What do millennials and Gen Zs desire from employers?

5 gender myths killing your D&I agenda

Worker wins landmark case vs biometric data policy

Most Read Articles

What's the key to achieving workplace happiness?

How to enter the Millennial mindset

Loyalty leave: Is this the answer to retention?