Unemployment rates in industrialized nations

Question

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Unemployment rates in industrialized nations vary considerably from each other. Each country has its own labor market policies, economic conditions, and demographic factors that affect their unemployment rates. For example, as of 2019, the unemployment rate in the United States was at 3.5%, while in Spain it was at 13.8%. Additionally, even during the Great Recession, not all industrialized nations had unemployment rates that exceeded 10 percent.

Unemployment Rates in Industrialized Nations