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United States - Unemployment Rate 1988

Name: United States Unemployment Rate 1988
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Unemployment as % of total labor force · World Bank

5.49% −0.68pp from 1987 Global rank: 23rd

United States's unemployment rate was 5.49% in 1988, decreased +0.68pp from 6.18% in 1987. This was the 23rd highest globally.

Global Ranking - 1988▾

Unemployment Rate by Country - 1988
Rank	Country	Value	YoY
1st	Hungary	0.46%	47.0%
2nd	Iceland	0.64%	44.2%
3rd	Switzerland	0.72%	-9.8%
4th	Hong Kong SAR, China	1.37%	-21.4%
5th	Luxembourg	1.54%	-8.0%
6th	Sweden	2.35%	-18.0%
7th	Japan	2.52%	-11.7%
8th	Korea	2.53%	-18.8%
9th	Singapore	2.58%	-34.0%
10th	Austria	2.68%	-29.6%
11th	Cyprus	2.80%	-17.6%
12th	Indonesia	2.89%	9.5%
13th	Pakistan	3.14%	2.3%
14th	Norway	3.15%	51.1%
15th	Mexico	3.54%	-8.8%
16th	Romania	3.70%	0.0%
17th	Mauritius	3.89%	-34.8%
18th	Peru	4.16%	-13.4%
19th	Finland	4.21%	-14.1%
20th	Paraguay	4.70%	-14.5%
21st	Aruba	5.00%	-65.5%
22nd	Costa Rica	5.46%	-2.1%
23rd	United States	5.49%	-11.1%
24th	Denmark	5.66%	13.2%
25th	New Zealand	5.80%	37.3%
26th	Albania	6.03%	16.8%
27th	Malta	6.20%	-24.4%
28th	Netherlands	6.25%	-1.4%
29th	Israel	6.43%	6.1%
30th	Colombia	6.45%	-12.4%
31st	Argentina	6.50%	8.3%
32nd	Honduras	6.94%	-2.1%
33rd	Ecuador	7.00%	-
34th	Portugal	7.07%	-0.8%
35th	Australia	7.21%	-11.1%
36th	Greece	7.70%	4.1%
37th	Germany	7.74%	-1.4%
38th	Canada	7.78%	-11.6%
39th	Malaysia	8.08%	-1.6%
40th	United Kingdom	8.58%	-17.7%
41st	Uruguay	8.60%	-5.5%
42nd	Türkiye	8.70%	7.0%
43rd	Jordan	8.81%	4.9%
44th	Belgium	8.83%	-9.9%
45th	France	8.84%	-3.4%
46th	Philippines	9.40%	-15.0%
47th	Italy	9.68%	0.7%
48th	Chile	9.88%	-10.1%
49th	El Salvador	10.15%	-
50th	Bahamas, The	11.00%	-4.3%
51st	Fiji	12.00%	0.8%
52nd	São Tomé and Principe	13.62%	0.0%
53rd	Nicaragua	14.20%	1.4%
54th	Puerto Rico (US)	15.00%	-10.7%
55th	Barbados	17.14%	-4.4%
56th	South Africa	17.24%	3.9%
57th	Sudan	17.86%	-3.6%
58th	Ireland	18.40%	-2.1%
59th	Panama	18.78%	33.2%
60th	Jamaica	19.09%	-9.0%
61st	Spain	19.24%	-4.9%
62nd	Algeria	21.80%	8.7%
63rd	Cabo Verde	24.57%	1.7%

FAQ

What was United States's unemployment rate in 1988?▾

United States's unemployment rate in 1988 was 5.49%. This ranked 23rd globally.

How did United States's unemployment rate change in 1988?▾

United States's unemployment rate decreased by 11.1% in 1988 compared to 1987.

Which country had the highest unemployment rate in 1988?▾

Cabo Verde had the highest unemployment rate in 1988 at 24.57%.

What is the unemployment rate of United States in 1988?▾

The unemployment rate of United States in 1988 was 5.49%. This ranked 23rd globally.

How does 1988 compare to 1987 for United States's unemployment rate?▾

United States's unemployment rate went from 6.18% in 1987 to 5.49% in 1988, a 11.1% decrease.

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