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Indicator Definition:
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
The statistic "Unemployment Rate" stands at 7.50 percent as of 12/31/2024, the highest value since 12/31/2021.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.663 percentage points compared to the value the year prior.
The 1 year change in percentage points is 0.663.
The 3 year change in percentage points is 0.392.
The 5 year change in percentage points is 1.25.
The 10 year change in percentage points is -3.19.
| Measure | Realization |
| Indicator Name: | Unemployment, total (% of total labor force) (modeled ILO estimate) |
| Indicator Source: | International Labour Organization, ILOSTAT database. Data retrieved on February 8, 2022 | macro-rankings.com |
| Indicator Description: | Unemployment refers to the share of the labor force that is without work but available for and seeking employment. |
| Observations earliest Date: | 12/31/1991 |
| Observations latest Date: | 12/31/2024 |