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Briefing · labour

Labour markets: where the data is diverging

20 labour markets signals are diverging right now; 14 moving against their own trend; 6 sitting far from the global norm — led by Sudan.

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In short

  • ›Sudan — Unemployment is well above the global norm (60.6%).
  • ›Morocco — Unemployment is moving sharply against its own recent trend (9.0%).
  • ›Switzerland — Unemployment is moving sharply against its own recent trend (4.9%).
  • ›Eswatini — Unemployment is well above the global norm (34.2%).

Supporting signals

The data behind this note

Ranked across countries with ≥1 M people or ≥$10 bn GDP so micro-territories don't crowd the board.

  • 1Sudan — Unemployment is well above the global normpeerUnemployment60.6%▲+7.54σ
  • 2Morocco — Unemployment is moving sharply against its own recent trendmomentumUnemployment9.0%▲+3.2pp
  • 3Switzerland — Unemployment is moving sharply against its own recent trendmomentumUnemployment4.9%▼−1.87pp
  • 4Eswatini — Unemployment is well above the global normpeerUnemployment34.2%▲+3.82σ
  • 5South Africa — Unemployment is well above the global normpeerUnemployment32.4%▲+3.57σ
  • 6Philippines — Unemployment is moving sharply against its own recent trendmomentumUnemployment2.2%▲+2.47pp
  • 7Indonesia — Unemployment is moving sharply against its own recent trendmomentumUnemployment3.2%▲+1.66pp
  • 8Denmark — Unemployment is moving sharply against its own recent trendmomentumUnemployment5.5%▼−2.63pp

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