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?
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%.
|Bosnia and Herzegovina||27.6||28.1||28.6||28.7|