GITNUX MARKETDATA REPORT 2024

Unemployment Duration Statistics

The average duration of unemployment for individuals within a specific population.

With sources from: pewresearch.org, stat.go.jp, thailand.prd.go.th, fred.stlouisfed.org and many more

Statistic 1

There has been an overall increasing trend in the employment duration since 1950.

Statistic 2

Over 42.6% of the unemployed in the U.S. (May 2021) have been without jobs for 27 weeks or longer.

Statistic 3

In July 2020, the mean duration of unemployment reached a peak of 20.5 weeks in Australia.

Statistic 4

Within OECD countries, in 2019, those unemployed for a year or more accounted for 29.8% of all unemployed.

Statistic 5

In 2016, the average duration of unemployment in Europe was 11.3 months.

Statistic 6

In 2012, Greece had the highest mean duration of unemployment (21.8 months) among European countries.

Statistic 7

In Canada, over 904,000 men were unemployed for an average of 23.3 weeks in 2020.

Statistic 8

In 2020, 43.4% of the long-term unemployed in Japan were aged 15 to 34 years.

Statistic 9

Among OECD countries, Spain has the highest long-term unemployment rate (over 4% in 2019).

Statistic 10

In the year 2018, more than one-third of jobless young Africans faced long-term unemployment.

Statistic 11

In the U.S., the median duration of unemployment was 10.1 weeks as of July 2021.

Statistic 12

The median duration of unemployment was 30 weeks for Black workers in the U.S. in March 2021.

Statistic 13

In the first half of 2020, 69% of jobless people in Thailand were unemployed for over a year.

Statistic 14

As of July 2020, there were 17% more long-term unemployed (over one year) in South Africa compared to the same period in 2019.

Statistic 15

By August 2020, over 52% of unemployed Australians had been out of work for more than a year.

Statistic 16

In South Korea, the long-term unemployment rate in 2020 was at 0.5%, a decline from 0.6% from the previous year.

Statistic 17

In April 2020, the average long-term unemployment (over a year) in India was roughly 57.76%.

Statistic 18

In Q4 2020, nearly half of the unemployed in the UK had been out of work for up to six months.

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In this post, we examine various statistics related to unemployment duration across different countries and regions, shedding light on the changing dynamics of joblessness over time. From long-term unemployment rates to median durations of joblessness, these figures offer valuable insights into the challenges faced by individuals seeking employment opportunities in today’s global economy.

Statistic 1

"There has been an overall increasing trend in the employment duration since 1950."

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Statistic 2

"Over 42.6% of the unemployed in the U.S. (May 2021) have been without jobs for 27 weeks or longer."

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Statistic 3

"In July 2020, the mean duration of unemployment reached a peak of 20.5 weeks in Australia."

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Statistic 4

"Within OECD countries, in 2019, those unemployed for a year or more accounted for 29.8% of all unemployed."

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Statistic 5

"In 2016, the average duration of unemployment in Europe was 11.3 months."

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Statistic 6

"In 2012, Greece had the highest mean duration of unemployment (21.8 months) among European countries."

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Statistic 7

"In Canada, over 904,000 men were unemployed for an average of 23.3 weeks in 2020."

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Statistic 8

"In 2020, 43.4% of the long-term unemployed in Japan were aged 15 to 34 years."

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Statistic 9

"Among OECD countries, Spain has the highest long-term unemployment rate (over 4% in 2019)."

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Statistic 10

"In the year 2018, more than one-third of jobless young Africans faced long-term unemployment."

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Statistic 11

"In the U.S., the median duration of unemployment was 10.1 weeks as of July 2021."

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Statistic 12

"The median duration of unemployment was 30 weeks for Black workers in the U.S. in March 2021."

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Statistic 13

"In the first half of 2020, 69% of jobless people in Thailand were unemployed for over a year."

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Statistic 14

"As of July 2020, there were 17% more long-term unemployed (over one year) in South Africa compared to the same period in 2019."

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Statistic 15

"By August 2020, over 52% of unemployed Australians had been out of work for more than a year."

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Statistic 16

"In South Korea, the long-term unemployment rate in 2020 was at 0.5%, a decline from 0.6% from the previous year."

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Statistic 17

"In April 2020, the average long-term unemployment (over a year) in India was roughly 57.76%."

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Statistic 18

"In Q4 2020, nearly half of the unemployed in the UK had been out of work for up to six months."

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Interpretation

The analysis of unemployment duration across various countries reveals a concerning pattern of prolonged joblessness, with notable disparities among regions and demographic groups. The data shows an upward trend in employment duration over the decades, with high percentages of individuals experiencing long-term unemployment. From the U.S. to Australia, Europe to Asia, and Africa to India, the statistics highlight the enduring struggles faced by many in finding sustainable employment opportunities. These findings underscore the urgent need for targeted policy interventions and support systems to address the persistent issue of long-term unemployment and its socio-economic implications worldwide.

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