Dataset of the Day: International Unemployment

Global economic crisis! Record level unemployment in the U.S.!

With our latest dataset on unemployment levels for select countries from 1995 to 2008 from the U.S. Department of Labor, I decided to take a look at what has been happening to unemployment in this economic environment.

The next three maps show unemployment levels for three different years at the same scale.

Then too see the more short term effects of the current crisis on unemployment rates, I made a map based on the percent change of unemployment rates from the first quarter of 2008 to the third quarter of 2008.

It is clear that globally things have worsened since 2000, however they still have not reached the levels seen in 1995. Also, the U.S. still has much lower unemployment rates than many European countries, such as Spain, France, Portugal, Germany, Greece and Italy (this may change with the latest figures for the fourth quarter of 2008).

Although comparatively, the U.S. has lower rates of unemployment than many European countries; it is important to note that the U.S. has a much less significant safety net for the unemployed (in the area of health care for example) so that the social effects may be as devastating.

The U.S. is also one of the countries that has seen the largest percent increase in unemployment rates since the beginning of 2008. Only Spain, Portugal and Ireland have had larger increases in unemployment rates than the U.S. (Italy does not have data after the second quarter of 2008). Since this data is based on self reporting from each country, figures may be inflated or deflated, such as the case of the U.S. It is important to note that this data does not represent unemployment in poorer countries where increasing unemployment may be more devastating.

Take a look at these maps yourself or go to Maker! and make your own maps from the dataset.