Small countries with low unemployment rate:
Andorra which is a country with a population of 71,822 has an unemployment rate of 0.00%. Now, how does this country do this? The answer to this is since World War II through its tourist industry, many immigrants both legal and illegal have been attracted to the thriving economy with its lack of income taxes. Now this leads to another country that has the same unemployment rate of 0.00% by the name of Monaco. Many of us have heard of this country that has a population of 33,000. Economic development was spurred in the late 19th century with a railroad linkup to France and the opening of a casino. Since then, the principality’s mild climate, splendid scenery, and gambling facilities have made Monaco world famous as a tourist and recreation center.
Much larger countries with mid range unemployment rates:
As the dominant industrial and maritime power of the 19th century, the United Kingdom (UK) played a leading role in developing parliamentary democracy and in advancing literature and science. The British Empire stretched over one-fourth of the earth’s surface. The first half of the 20th century saw the UK’s strength seriously depleted in two World Wars and the Irish republic withdraw from the union. The second half witnessed the dismantling of the Empire and the UK rebuilding itself into a modern and prosperous European nation. As one of five permanent members of the UN Security Council the UK pursues a global approach to foreign policy. The UK is currently weighing the degree of its integration with continental Europe. The UK has an unemployment rate of 2.9% with a population of 60,776,238. Another country with an unemployment rate of 3.0% with a third of the population of the UK (27,780,059) is Uzbekistan which is a Russia conquered country in the late 19th century. Stiff resistance to the Red Army after World War I was eventually suppressed and a socialist republic set up in 1924. Intensive production of ‘white gold’ or (cotton) and grain led to overuse of chemicals and the depletion of water supplies. This left the land poisoned and the Aral Sea and certain rivers half dry. The country seeks to gradually lessen its dependence on agriculture while it is developing its mineral and petroleum reserves.
United States unemployment rate is not the highest:
While the United States has a population of over 300 million and an unemployment rate of 5.5% most know that if you can make it to the US, it is by far the best place to live. You have lots of freedom to do almost anything you want to do. The US has a steady growth in building and a rapid advance of technology. The US remains the world’s most powerful nation. Another country with a 40.0% unemployment rate and a population of 31 million is Afghanistan. This country served as a buffer between the British and Russian empires until it won independence from British control in 1919. A brief experiment in democracy ended in a 1973 coup and a 1978 Communist counter-coup. The Soviet Union invaded in 1979 to support the tottering Afghan Communist regime, touching off a long and destructive war.
The USSR withdrew in 1989 under relentless pressure by internationally supported anti-Communist Mujahedin rebels. Subsequently, a series of civil wars saw Kabul finally fall in 1996 to the Taliban, a hard-line Pakistani-sponsored movement that emerged in 1994 to end the country’s civil war and anarchy. Following the 11 September 2001 terrorist attacks in New York City, a US, Allied, and anti-Taliban Northern Alliance military action toppled the Taliban for sheltering Osama BIN LADIN. The UN-sponsored Bonn Conference in 2001 established a process for political reconstruction that included the adoption of a new constitution and a presidential election in 2004, and National Assembly elections in 2005. On 7 December 2004, Hamid KARZAI became the first democratically elected president of Afghanistan.
In conclusion, unemployment rates from 40.00% in counties with 30 million people and 0.00% in countries with 75,000 people all truly have the same goal. We all want everyone to be financially free or at least financially stable. Many people have computers and internet connections so you are able to work at home even if the economy in your country is not stable.