12/03/2009

How does the change in the US unemployment rate since January compared to other countries.

The unemployment rates for January and October are available for 21 countries. In this list, the US had the second biggest increase going from 7.6 percent to 10.2 percent (a 2.6 percentage point change). Only one other country, Ireland, had a bigger change, and the average increase for the non-US countries was just 0.8 percentage points. The US increase was slightly more than three times larger than the average for the other countries.

Country / Change in Unemployment rate from January to October
Ireland 3.1
US 2.6
Hungary 2
Denmark 1.8
Czech 1.7
Sweden 1.7
Finland 1.6
Canada 1.4
Netherlands 1.2
Switzerland 1.1
Mexico 1.08
Iceland 1
Japan 1
Australia 0.9
Poland 0.6
South Korea 0.2
German 0.2
Brazil -0.7
Russia -1
Peru -1.2
Venezuela -1.4

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