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Is there any country whose unemployment rate is zero or very close to zero?
Wiki User
∙ 13y ago
No country is able to curb the unemployment rate close to zero in the system of market-oriented economy. Take developed countries for example. With the advancement of various kinds of industries, developed countries have to send such outdated industries into developing countries, and some workers will find they aren't able to be qualified for more demanding jobs. Besides, nowadays some work can be done by robots or other kinds of instruments. While for the developing countries, poverty, lack of education and poor macro regulation will all raise the unemployment rate. To sum up, I believe that unemployment rate of a country is a dynamic equilibrium, sometimes it may go up while other times it may go down, but I believe no country's government can curb the unemployment rate close to zero.
According to Wikipedia Andorra enjoys a 0.0% unemployment rate and the highest being Zimbabwe with 95%
Here is the link in the Related Link below.
Wiki User
∙ 13y ago
Wiki User
∙ 6y agoThere are two points to consider.
- Different countries use different measures for measuring unemployment. For example, the numerator can be the number of people of working age who are not employed, the number who are registered with employment offices or the number who are actively seeking employment. The denominator can be the number of people of working age - in itself a variable definition. So international comparisons, unless standardised, are of questionable value.
- There will always be frictional unemployment. These are people who are between jobs.
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Is the natural rate of unemployment constant over time within a country?
No, the natural rate of unemployment changes.
What Latin America country has the largest unemployment rate?
Haiti qualifies as such. This Caribbean country suffers an unemployment rate of over 40.6% of its labor force (2014 est).
Which Latin American country has the lowest unemployment rate?
The South American country of Peru qualifies as such. It has an unemployment rate of only 3.6% of its labor force (2014 est).
What was the unemployment rate for 1988?
It would depend on which country you are referring to.
What is the impact of a high unemployment rate on the budget of a country?
it is awesomew
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thailand
What is the unemployment rate of Macedonia?
As of 2021, Macedonia's unemployment rate is around 16%. The country has been facing economic challenges, which have contributed to the relatively high level of unemployment.
Which country has the highest degree of mass unemployment?
There is an article on Wikipedia that lists the percentage of each country's unemployment. According to this article, Nauru rates the highest with a 90% unemployment rate.
What is the current unemployment rate in Holland?
As of September 2021, the unemployment rate in the Netherlands was around 3.6%. This rate can fluctuate based on economic conditions and other factors.
Definition of unemployment rate?
the measurement of people without a job in a country.
What country has the highest unemployment rate?
Zimbabwe currently has the highest unemployment rate with 95% as of June 2009. Nauru, a small island country also had an unemployment rate of 90% in 2004. See the Related Link below.
What is the unemployment rate of Montserrat?
As of 2021, the unemployment rate in Montserrat was around 6%. It is important to note that this rate can fluctuate based on various economic factors and conditions within the country.
