Unemployment
History
About 25,000,000 people in the world's 30 richest countries lost their jobs between the end of 2007 and the end of 2010, as the economic downturn pushed most countries into recession. In April 2010, the US unemployment rate was 9.9%, but the government's broader U-6 unemployment rate was 17.1%. In April 2012, the unemployment rate was 4.6% in Japan. In a 2012 story, the Financial Post reported, "Nearly 75 million youth are unemployed around the world, an increase of more than 4 million since 2007. In the European Union, where a debt crisis followed the financial crisis, the youth unemployment rate rose to 18% last year from 12.5% in 2007, the ILO report shows." In March 2018, according to US Unemployment Rate Statistics, the unemployment rate was 4.1%, below the 4.5–5.0% norm.
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