The Great Recession has left economic scars across the globe, but new research suggests that when it comes to job losses, advanced countries have actually fared worse than developing ones.
The report, from the International Monetary Fund and the International Labour Organization, estimates that 210 million people are currently unemployed worldwide, an increase of 30 million since 2007. About three-fourths of those new job losses have occurred in advanced countries, with the United States faring worst.
Want to know how much worse? We’re the bright red piece of this pie chart.
Of course, the United States is among the largest advanced countries in the world, but the numbers still illustrate the extent of the hole we are in.
The U.S. unemployment rate hit 9.6 percent in August, according to the Bureau of Labor Statistics, with about 14.9 million people unemployed.