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October 17, 2008
Unemployment claims reach historic highs


Workers sit on the steps of a hotel in Qinghai, China.

As the U.S. deals with the fallout of the financial crisis, unemployment claims have reached historic highs. But citizens around the world are increasingly finding themselves out of a job. The global financial crisis could increase world unemployment by an estimated 20 million people.

Liberia has one of the world’s highest unemployment rates at about 85 percent. The country is still recovering from the effects of a civil war that ravaged the country for decades. Blogger “Micahel Donkor” writes about the despair of Liberians and refugees who have returned to the country only to find themselves jobless.

Spain has Europe’s highest unemployment rate at 11.3 percent. The “Megaspora” blog promotes a radical change to the country’s unemployment benefits system.

The UK unemployment rate is now skyrocketing at the fastest rate in over a decade, and currently sits at about 5.7 percent. The “Pbleepd” blog writes about the lack of prospects for new graduates.

Italy’s unemployment is expected to rise over the next year. An article in The Christian Science Monitor compares the Spanish and Italian tactics against illegal immigration — a point of contention when it comes to the status of job markets in both countries.

Though unemployment in Sweden has been declining since 2004, the recent economic downturn has sent the rate rising. The “Reflections on Sweden” blog writes about hardship in the Swedish job market.

Iraq’s violence may have dropped, but its unemployment rate continues to soar. As PBS’s “Wide Angle” reported earlier this year, options are limited for even the most skilled of Iraqi workers, and the country’s middle class is dwindling.

Qatar has one of the lowest unemployment rates in the Middle East. A blogger at “Qatar Living” praises the country’s management amid economic gloom.

About 2.5 million people in India are unemployed. Recently, workers of India’s Jet Airways protested the firing of 1,100 employees. As Reuters’ India blog describes, the protests struck a chord with the struggling middles class in India. India’s central bank is expected to strike next week.

Today, Chinese workers are protesting the closure of three large toy factories — which put about 6,500 people out of work. Fresh graduates from China’s schools also face daunting prospects. A blogger in nearby Singapore writes about an influx of American and British banking professionals into the Asian market.

Photo courtesy of Flickr user Kees & Sarah under a Creative Commons license.

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1 comment


All those laid off will find work, there is a still a strong demand for talent and I still see lots of high paying jobs posted on popular employment sites: (networking) (aggregated listings) (matches you to jobs)

I see six figure jobs all over the place.

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