https://en.sputniknews.africa/20240804/russia-boasts-lowest-unemployment-rate-among-leading-global-economies-in-june-1067732951.html
Russia Boasts Lowest Unemployment Rate Among Leading Global Economies in June
Russia Boasts Lowest Unemployment Rate Among Leading Global Economies in June
Sputnik Africa
Global unemployment trends show a mixed picture: some major economies are experiencing declines or stable rates, reflecting economic recovery, while others... 04.08.2024, Sputnik Africa
2024-08-04T18:24+0200
2024-08-04T18:24+0200
2024-08-05T12:50+0200
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In June, Russia became the country with the lowest unemployment among the world's largest economies — only 2.4%, according to Sputnik's analysis of the latest data from the G20 countries.The rate is slightly higher in Japan, although at the beginning of summer, unemployment fell to 2.5% from 2.6% a month earlier. In Mexico, it rose to 2.8% from 2.6%, while in South Korea, the rate has remained at 2.8% for the fourth month in a row.In the remaining G20 countries, unemployment exceeds 3%, with the most acute situation in South Africa, where the rate has not fallen below 30% for the fourth year in a row.Unemployment in most major economies either decreased or remained stable in June. Spain saw significant improvement, with unemployment dropping to 11.27% in Q2 from 12.29% in Q1. Russia's rate fell by 0.2 percentage points, as did Brazil's, reaching a multi-year low of 6.9%.Conversely, unemployment rose in several countries: the US (4.1%), Germany (6%), Italy (7%), and Australia (4.1%) each saw a 0.1 percentage point increase. Canada’s rate increased to 6.4% from 6.2%, with Mexico experiencing the same uptick. India saw the largest jump, with unemployment rising to 9.2% from 7%.Regarding unemployment in South Africa, President Cyril Ramaphosa vowed during his May election campaign to address critical issues such as unemployment and state welfare. In response, the African National Congress has pledged to create 2.5 million jobs over the next five years and gradually increase the social grant for the unemployed.
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Russia Boasts Lowest Unemployment Rate Among Leading Global Economies in June
18:24 04.08.2024 (Updated: 12:50 05.08.2024) Global unemployment trends show a mixed picture: some major economies are experiencing declines or stable rates, reflecting economic recovery, while others face rising unemployment due to various challenges such as economic downturns and policy impacts.
In June, Russia became the country with the lowest unemployment among the world's largest economies — only 2.4%, according to
Sputnik's analysis of the latest data from the
G20 countries.
The rate is slightly higher in Japan, although at the beginning of summer, unemployment fell to 2.5% from 2.6% a month earlier. In Mexico, it rose to 2.8% from 2.6%, while in South Korea, the rate has remained at 2.8% for the fourth month in a row.
In the remaining G20 countries, unemployment exceeds 3%, with
the most acute situation in South Africa, where the rate has not fallen below
30% for the fourth year in a row.
Unemployment in most major economies either decreased or remained stable in June.
Spain saw significant improvement, with unemployment dropping to
11.27% in Q2 from 12.29% in Q1.
Russia's rate fell by 0.2 percentage points, as did
Brazil's, reaching a multi-year low of
6.9%.Conversely, unemployment rose in several countries: the US (4.1%), Germany (6%), Italy (7%), and Australia (4.1%) each saw a 0.1 percentage point increase. Canada’s rate increased to 6.4% from 6.2%, with
Mexico experiencing the same uptick. India saw the largest jump, with unemployment rising to 9.2% from 7%.
Regarding unemployment in South Africa, President Cyril Ramaphosa
vowed during his May election campaign to address critical issues such as unemployment and state welfare. In response, the African National Congress has pledged to create 2.5 million jobs over the next five years and gradually increase the social grant for the unemployed.
