Job Hunters Still Suffering the Effects of Global Recession - By: Molly Wider

The world has been holding its breath waiting for signs that the recession may be coming to an end. In some of the world's most socioeconomically well-off and wealthiest countries, this is taking much longer than expected. In many of these places, the unemployment numbers continue to rise. They show no signs of levelling off any time soon.

Data provided by the Organisation for Economic Co-operation and Development (OECD) has shown an increase in unemployment numbers over the past year amongst the world's 30 most financial wealthy countries including Japan, Germany along with many European countries as well as the United States.

The most widely felt problem across much of Europe right now is that everyday people are having great difficulty finding jobs. Ireland's unemployment took the hardest hit over the past year, when it increased by a whopping 4.4%, currently standing at a rate of 13.8% as of January. One year ago, Ireland's 2008 jobless rate was only 6.3%.

Spain still owns the highest unemployment rate, which is currently an enormous 18.8% as of January 2010. That's up 3 points from January 2009. The Slovak Republic had it's jobless rate increase as well over the past twelve months, rising to 13.7%.

Even though most of the Organisation for Economic Co-operation and Development's statistics focus on European countries, they do keep an eye on the North American numbers as well. The unemployment rate for the United States is still high at 9.7%, up 3% from January 2009 yet in Japan, their jobless rate rose only 0.7 points to 4.9%.

According to the International Labor Organization, the trend of rising unemployment rates began with the credit crisis back in 2008 where the large jump in jobless numbers took place in the wealthier nations with a developed economy. The overall 2.3% increase has been by nations of wealth and overspending.

The numbers show that things have levelled off for Japan and America but the outlook for Europe is still uncertain. According to the European Commission, things have been improving over the past ten months but that forward momentum has already begin to slow down.

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