January 31, 2019 – SharedXpertise, publisher of HRO Today Magazine, and PeopleScout, the world’s largest RPO provider and the No. 1 Managed Service Provider on HRO Today’s MSP Baker’s Dozen Customer Satisfaction Ratings since 2016, have partnered to release the Global Unemployment Report for third quarter 2018.
In the third quarter of 2018, the global unemployment rates remained low once again, with 26 of the 49 countries analyzed in this report showing unemployment levels of 5.0 percent or less, which can be considered by many economists as at or near full employment. These findings are consistent with what was reported in the second quarter of 2018.
While North America and APAC reported solid economic growth in the third quarter, growth in the EMEA region has slowed considerably, but appeared consistent across the board, mostly due to a weakened performance in Germany, the largest economy in Europe. While Latin America’s growth appeared unchanged since the second quarter, Brazil, the region’s largest economy, did relatively well, and unemployment there fell by 0.5 percentage points to 11.9 percent.
“The global labor market remains very tight. In the third quarter, nearly one-half of the 49 countries analyzed announced decreases in national unemployment rates compared to the prior quarter, despite nearly historically low unemployment across much of the globe,” said Larry Basinait, vice president of market research at SharedXpertise.
The exclusive report is available for download by clicking here.
PeopleScout, a TrueBlue company (NYSE: TBI), is the world’s largest recruitment process outsourcing (RPO) provider managing talent solutions spanning the global economy, with end-to-end managed service provider (MSP) and talent advisory capabilities supporting total workforce needs. PeopleScout has earned 98 percent client retention while managing the most complex programs in the industry. The company’s thousands of forward-looking talent professionals provide clients with the edge in the people business by consistently delivering now while anticipating what’s next. Affinix, PeopleScout’s proprietary talent acquisition platform, empowers faster engagement with the best talent through an artificial intelligence (AI)-driven, consumer-like candidate experience with one-point applicant tracking system (ATS) and vendor management system (VMS) integration and single-sign-on. Leveraging the power of data gleaned from engaging millions of candidates and contingent associates every year, PeopleScout enhances talent intelligence for clients across more than 70 countries with headquarters in Chicago, Sydney and London and global delivery centers in Toronto, Ontario; Montreal, Quebec; Charlotte, North Carolina; Bristol, England; Krakow, Poland and Gurgaon and Bangalore, India. For more information, please visit www.peoplescout.com.
About HRO Today and HRO Today Global
HRO Today and HRO Today Global are the properties of SharedXpertise Media and offer the broadest and deepest reach available anywhere into the HR industry. Our magazines, web portals, research, e-newsletters, events and social networks reach over 180,000 senior-level HR decision-makers with rich, objective, game-changing content. Our No. 1 strength is our reach. HR leaders rely heavily on the HRO Today’s Baker’s Dozen rankings across six different categories when selecting an HR service provider.
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