The ups and downs of unemployment are in the news everyday in the US with evidence of the statistics clear in the frustrations and complaints of friends and family members. But there are some countries where work is bountiful, and if you’re growing tired of the job search in the US, perhaps you should consider looking elsewhere. The 24/7 Wall Street Wire offers a list of the nine countries where virtually everyone has a job. If you enjoy traveling, speak another language or wouldn’t mind learning, perhaps you should consider if one of these countries is for you.
1. The first country on the list is Austria. According to the World Bank, Austria’s unemployment rate is below five percent and has always maintained this low percentage with the exception of an increase of 5.2 in 2006. The country has the lowest unemployment rate of all the European Union nations. Over 50 percent of the population work full time for an employer not to mention, it’s simply a beautiful country to call home.
2. Belarus, the former Russian satellite nation, is next on the list. Here citizens also enjoy a less than five percent unemployment rate and more than 50 percent of the population works full time for an employer.
3. China also has a relatively low unemployment rate, but it also has a relatively small number of people working full-time at 30-39 percent. China is the world’s largest exporter and it also has several jobs available in its public sector.
4. Japan is fourth on the list with a less than five percent unemployment rate and more than 50 percent of the population working full time for an employer. It has still managed to stay on top despite being devastated by both an earthquake and a tsunami last year which hurt its auto industry and power grid.
5. Southeastern Europe’s Montenegro lands at number five. In this country it’s all about aluminum, which makes up 80 percent of its total exports. Agriculture and food-procession are next at 15 percent. The country has recently begun to privatize its industries which will greatly increase the amount of people working full-time (already at 50 percent). For those that are simply curious about this country, Montenegro’s tourist industry is also rapidly growing.
6. Taiwan comes in at number six. Its Government Information Office boasts that the country has not had an unemployment problem since 1950. Most of its economy revolves around exports and export supplying. The country’s economy is fast-growing with an annual industrial growth rate of 5.2 percent.
7. Thailand lands at number seven. Its developed market economy is doing well in part due to investments redirected from China because of China’s high wage inflation. Exports drive more than half of its economy and although only 20-29 percent of the population works full time, it has maintained an unemployment rate below 2 percent for most of the past decade.
8. Ukraine is not a model for consistent growth, but its gross domestic product has grown substantially over the last few years. Today it has an unemployment rate of less than five percent about 50 percent of its population work full time for an employer.
9. Vietnam’s economy is still mainly comprised of state-owned enterprises. Although agriculture jobs have decreased in recent years, industrial jobs have grown demonstrating a move towards a more modern economy.
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