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Briefing · labour

Labour markets: where the data is diverging

19 labour markets signals are diverging right now; 13 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 (61.2%).
  • ›Morocco — Unemployment is moving sharply against its own recent trend (9.0%).
  • ›Switzerland — Unemployment is moving sharply against its own recent trend (4.9%).
  • ›Philippines — Unemployment is moving sharply against its own recent trend (2.2%).

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 normpeerUnemployment61.2%▲+7.6σ
  • 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
  • 4Philippines — Unemployment is moving sharply against its own recent trendmomentumUnemployment2.2%▲+3.17pp
  • 5Eswatini — Unemployment is well above the global normpeerUnemployment34.2%▲+3.81σ
  • 6South Africa — Unemployment is well above the global normpeerUnemployment32.4%▲+3.55σ
  • 7Djibouti — Unemployment is well above the global normpeerUnemployment26.0%▲+2.66σ
  • 8Jordan — Unemployment is moving sharply against its own recent trendmomentumUnemployment16.5%▲+4.77pp

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