What is the average unemployment rate in the world?

Unemployment rate: 7.7% (2017 est.) 7.5% (2016 est.) note: combined unemployment and underemployment in many non-industrialized countries; developed countries typically 4%-12% unemployment (2007 est.)

Hereof, which country has highest unemployment rate?

The ten countries with the highest unemployment rates are:

  • Burkina Faso (77%)
  • Syria (50%)
  • Senegal (48%)
  • Haiti (40.60%)
  • Kenya (40%)
  • Djibouti (40%)
  • Marshall Islands (36%)
  • Namibia (34%)
  • Secondly, why is it bad to have 0 unemployment?

    A 0% Jobless Rate Could Kick Up Inflationary Pressure This in turn has the potential to depress wages, as people would be willing to be hired at lower wages. Alternatively, when the jobless rate is low, there are enough (and more than enough) jobs available than the availability of labor force.

    What was unemployment rate when Obama left office?

    The unemployment rate (U-3) began rising from 4.7% in November 2007 and peaked at 10.0% in October 2009 as the crisis deepened, approximately where it remained until November 2010. Thereafter, it began a steady decline through the remainder of his tenure, reaching 4.7% in 2016.

    Which country has the best economy?

    If we look even closer, the top five countries in terms of nominal GDP — the U.S., China, Japan, Germany and India — contribute a whopping 55% to the world’s GDP. The United States, the world’s largest economy with a nominal GDP of $21.44 trillion, constitutes one-fourth of the world economy.