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Unemployment rate is 3.20 % and dropping

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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-04-09 10:39 AM
Original message
Unemployment rate is 3.20 % and dropping
In South Korea.

http://www.indexmundi.com/south_korea/unemployment_rate.html

Year Unemployment rate Rank Percent Change Date of Information
2003 3.10 % 166 2002 est.
2004 3.40 % 165 9.68 % 2003 est.
2005 3.60 % 32 5.88 % 2004 est.
2006 3.70 % 33 2.78 % 2005 est.
2007 3.30 % 33 -10.81 % December 2006 est.
2008 3.30 % 38 0.00 % 2007 est.
2009 3.20 % 37 -3.03 % 2008 est.

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Japans is 5.1% and going down too.

http://www.tradingeconomics.com/Economics/Unemployment-rate.aspx?symbol=JPY

Japan Unemployment Rate

Japan unemployment rate stands at 5.10 percent of the labor force. The labour force is defined as the number of people employed plus the number unemployed but seeking work. The nonlabour force includes those who are not looking for work, those who are institutionalised and those serving in the military. Japan's industrialized, free market economy is the second-largest in the world. Its economy is highly efficient and competitive in areas linked to international trade, but productivity is far lower in protected areas such as agriculture, distribution, and services. Japan's reservoir of industrial leadership and technicians, well-educated and industrious work force, high savings and investment rates, and intensive promotion of industrial development and foreign trade produced a mature industrial economy. Japan has few natural resources, and trade helps it earn the foreign exchange needed to purchase raw materials for its economy. This page includes: Japan Unemployment Rate chart, historical data, forecast and news.

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How do they do that during a worldwide recession?

Amazing what buying things that your fellow countrymen produce can do for the jobs outlook isn't it?
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proudohioan Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-04-09 11:19 AM
Response to Original message
1. Good one! Got me there!
:7
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bvar22 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-04-09 11:31 AM
Response to Original message
2. Damn Straight I'm a Protectionist !
Some things are worth protecting.
American JOBS.

FUCK a bunch of "Free Trade".
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reggie the dog Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-04-09 12:07 PM
Response to Original message
3. Japan does not delocalize its factories
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