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Briefing · labour

Labour markets: where the data is diverging

23 labour markets signals are diverging right now; 16 moving against their own trend; 7 sitting far from the global norm — led by Sudan.

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In short

Sudan — Unemployment is well above the global norm (61.3%).
Morocco — Unemployment is moving sharply against its own recent trend (12.2%).
Belize — Unemployment is moving sharply against its own recent trend (2.6%).
Switzerland — Unemployment is moving sharply against its own recent trend (3.0%).

Supporting signals

The data behind this note

1Sudan — Unemployment is well above the global normpeerUnemployment61.3%+7.9σ
2Morocco — Unemployment is moving sharply against its own recent trendmomentumUnemployment12.2%+3.2pp
3Belize — Unemployment is moving sharply against its own recent trendmomentumUnemployment2.6%−6.26pp
4Switzerland — Unemployment is moving sharply against its own recent trendmomentumUnemployment3.0%−1.87pp
5Eswatini — Unemployment is well above the global normpeerUnemployment34.2%+3.95σ
6South Africa — Unemployment is well above the global normpeerUnemployment32.5%+3.7σ
7Philippines — Unemployment is moving sharply against its own recent trendmomentumUnemployment4.7%+2.47pp
8Indonesia — Unemployment is moving sharply against its own recent trendmomentumUnemployment4.9%+1.66pp

Generated from current observations and the signal engine. Describes movement in the data — not a forecast or investment advice.