The U.S. Wins the G-7 Unemployment-Improvement Race

By Laurie MeislerLaurie Meisler
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Germany’s unemployment rate is at an all-time low, Japan’s is the lowest since 1994, Canada’s is the smallest since late 2008, and the last time the U.K. saw a jobless rate as low as 4.6 percent was in August 1975. Workers in France and Italy are less fortunate. While France’s rate climbed slightly in the past five years, Italy’s has risen more than one percentage point to 11.6 percent as the country still struggles to recover from the financial crisis. The U.S. is the big winner in job improvement: Its unemployment rate is at pre-financial-crisis levels, having decreased more in five years than that of any other Group of Seven country.

Latest jobless rate (%)

Jobless rate

5 years ago (%)

11.6

Italy

Italy

10.5

9.6

France

France

9.5

United States

8.2

United Kingdom

Canada

7.3

Germany

6.9

6.5

Canada

5.8

Germany

4.6

United Kingdom

Japan

4.5

4.4

United States

2.8

Japan

Latest jobless rate (%)

Jobless rate

5 years ago (%)

11.6

Italy

Italy

10.5

9.6

France

France

9.5

United States

8.2

United Kingdom

Canada

7.3

Germany

6.9

6.5

Canada

5.8

Germany

4.6

United Kingdom

Japan

4.5

4.4

United States

2.8

Japan

Latest jobless rate (%)

Jobless rate

5 years ago (%)

11.6

Italy

Italy

10.5

9.6

France

France

9.5

United States

8.2

United Kingdom

Canada

7.3

Germany

6.9

6.5

Canada

5.8

Germany

4.6

United Kingdom

Japan

4.5

4.4

United States

2.8

Japan

Latest jobless

rate (%)

Jobless rate

5 years ago (%)

11.6

Italy

10.5

9.6

France

9.5

8.2

7.3

6.9

6.5

Canada

5.8

Germany

4.6

U.K.

4.5

4.4

U.S.

2.8

Japan