US, India & China— ranked in terms of unemployment

Compare unemployment rates among the US, India, and China. Stay updated on the latest economic indicators to understand employment trends across these influential nations.

The joblessness rate in urban areas for people aged 15 years and above stood at 6.6% in the April-June 2023 period.

As per Indian govt's data, the 2023 unemployment rate is slightly lower than the joblessness rate of 6.8% recorded in the preceding three months (Jan-March 2023).

In June, China's jobless rate for 16 to 24 year olds in urban areas hit a record high of more than 20%.

As a result, China has stopped releasing youth unemployment figures, which were seen by some as a key indication of the country's slowdown.

As per Barrons, the U.S. unemployment rate was 3.7% in January 2024.

That was unchanged from the level reported in December and lower than the 3.8% rate economists surveyed by FatSet expected.