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===21st century=== [[File:Unemployment rate in Japan.svg|thumb|right|350px|Unemployment rate of Japan.<ref name=OECDemp>{{Citation |publisher=OECD |title= OECD Labour Force Statistics 2020|date=2020 |doi=10.1787/23083387|isbn= 9789264687714|url= https://www.oecd-ilibrary.org/employment/oecd-labour-force-statistics_23083387}}</ref> Red line is G7 average.<br> 15-24 age (thin line) is [[youth unemployment]]. ]] The official unemployment rate in the 16 [[European Union]] (EU) countries that use the euro rose to 10% in December 2009 as a result of [[late 2000s recession|another recession]].<ref>"[http://www.dw-world.de/dw/article/0,,5191873,00.html?maca=en-rss-en-eu-2092-rdf Euro-zone unemployment climbs to 10 percent high]. {{Lang|de|[[Deutsche Welle]]|italic=no}}. 29 January 2010.</ref> [[Latvia]] had the highest unemployment rate in the EU, at 22.3% for November 2009.<ref>"[http://www.upi.com/Business_News/2010/01/08/Eurozone-unemployment-hits-double-digits/UPI-55211262961642/ Eurozone unemployment hits double digits]". UPI.com. 8 January 2010.</ref> Europe's young workers have been especially hard hit.<ref>"[https://foreignpolicy.com/articles/2009/07/13/europes_new_lost_generation Europe's New Lost Generation]". Foreign Policy. 13 July 2009.</ref> In November 2009, the unemployment rate in the [[2007 enlargement of the European Union|EU27]] for those aged 15β24 was 18.3%. For those under 25, the unemployment rate in [[Spain]] was 43.8%.<ref>[http://europa.eu/rapid/pressReleasesAction.do?reference=STAT/09/109&type=HTML&aged=0&language=EN&guiLanguage=en November 2009 Euro area unemployment rate up to 10.0% EU27 up to 9.5% ]. [[Eurostat]]. 8 January 2010.</ref> Unemployment has risen in two thirds of European countries since 2010.<ref>"[https://www.theguardian.com/business/2012/apr/30/global-unemployment-outlook-gloomy-ilo Global unemployment outlook gloomy, warns ILO]. ''[[The Guardian]]''. 30 April 2012.</ref> Into the 21st century, unemployment in the United Kingdom remained low and the economy remaining strong, and several other European economies, such as France and Germany, experienced a minor recession and a substantial rise in unemployment.<ref>{{cite news|url=http://news.bbc.co.uk/1/hi/business/2003770.stm |title=Germany's recession ends |work=BBC News |date=23 May 2002 |access-date=27 July 2011}}</ref> In 2008, when the recession brought on another increase in the United Kingdom, after 15 years of economic growth and no major rises in unemployment.<ref>{{cite news|url=http://news.bbc.co.uk/1/hi/business/7670800.stm |title=Jobless rise highest for 17 years |work=BBC News |date=15 October 2008 |access-date=27 July 2011}}</ref> In early 2009, unemployment passed the 2 million mark, and economists were predicting it would soon reach 3 million.<ref>{{cite news|url=http://news.bbc.co.uk/1/hi/7947766.stm |title=Unemployment passes two million |work=BBC News |date=18 March 2009 |access-date=27 July 2011}}</ref> However, the end of the recession was declared in January 2010<ref>{{cite news|url=http://news.bbc.co.uk/1/hi/8479639.stm |title=UK economy emerges from recession |work=BBC News |date=27 January 2010 |access-date=27 July 2011}}</ref> and unemployment peaked at nearly 2.7 million in 2011,<ref>{{cite news |url= http://en.mercopress.com/2012/03/15/uk-youth-unemployment-at-its-highest-in-two-decades-22.5 |title= UK youth unemployment at its highest in two decades: 22.5% |work=MercoPress |date= 15 April 2012}}</ref> appearing to ease fears of unemployment reaching 3 million.<ref>{{cite news|url=http://news.bbc.co.uk/1/hi/8634241.stm |title=UK unemployment increases to 2.5 million |work=BBC News |date=21 April 2010 |access-date=27 July 2011}}</ref> The unemployment rate of Britain's young black people was 47.4% in 2011.<ref>{{cite news|url=https://www.theguardian.com/society/2012/mar/09/half-uk-young-black-men-unemployed |title=Half of UK's young black males are unemployed |work=The Guardian |date=9 March 2012 |location=London |first1=James |last1=Ball |first2=Dan |last2=Milmo |first3=Ben |last3=Ferguson}}</ref> 2013/2014 has seen the employment rate increase from 1,935,836 to 2,173,012 as supported by<ref>http://www.ons.gov.uk/ons/publications/2014_2015re-reference-tables.html?edition=tcm%3A77-226710 {{dead link|date=December 2016}}</ref> showing the UK is creating more job opportunities and forecasts the rate of increase in 2014/2015 will be another 7.2%.<ref>{{cite web|url=http://www.ons.gov.uk/ons/datasets-and-tables/index.html|title=Data |publisher= ONS|work=ons.gov.uk}}</ref> The [[2008β2012 global recession]] has been called a "mancession" because of the disproportionate number of men who lost their jobs as compared to women. The gender gap became wide in the United States in 2009, when 10.5% of men in the [[labor force]] were unemployed, compared with 8% of women.<ref>{{citation|last=Baxter|first=Sarah|title=Women are victors in 'mancession{{'-}}|date=7 June 2009|url=http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6445913.ece|work=The Sunday Times|location=London|access-date=12 May 2010|archive-date=1 June 2010|archive-url=https://web.archive.org/web/20100601004715/http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6445913.ece|url-status=dead}}</ref><ref>{{citation|author=Howard J. Wall|title=The 'Man-Cession' of 2008-2009|date=October 2009|url=http://stlouisfed.org/publications/re/articles/?id=1712|publisher=Federal Reserve Bank of St Louis|access-date=26 March 2020|archive-date=29 August 2014|archive-url=https://web.archive.org/web/20140829033336/http://www.stlouisfed.org/publications/re/articles/?id=1712|url-status=dead}}</ref> Three quarters of the jobs that were lost in the recession in the US were held by men.<ref>{{citation|last=Daum|first=Meghan|title=Inside the mating economy|date=20 October 2011|url=https://www.latimes.com/opinion/la-xpm-2011-oct-20-la-oe-daum-bolick-20111020-story.html|work=Los Angeles Times}}</ref><ref>{{citation|last=Vanderkam|first=Laura|title=The Princess Problem|date=4 March 2012|url=http://lauravanderkam.com/2012/03/princess-problem-2/|publisher=originally ran in USA Today on 12 August 2009}}</ref> A 26 April 2005 ''Asia Times'' article noted, "In regional giant South Africa, some 300,000 textile workers have lost their jobs in the past two years due to the influx of Chinese goods".<ref>"[https://web.archive.org/web/20050425165247/http://www.atimes.com/atimes/Global_Economy/GD26Dj01.html Asia strips Africa's textile industry]". ''Asia Times''. 26 April 2005.</ref> The increasing [[Economy of the United States#International trade|US trade deficit]] with China cost 2.4 million American jobs between 2001β2008, according to a study by the [[Economic Policy Institute]] (EPI).<ref>"[https://www.reuters.com/article/idUSN238294820100323 China trade blamed for 2.4 million lost US jobs-report]". Reuters. 23 March 2010.</ref> From 2000 to 2007, the United States lost a total of 3.2 million manufacturing jobs.<ref>"[https://www.usatoday.com/money/economy/2007-04-20-4155011268_x.htm Factory jobs: 3 million lost since 2000]". ''USA Today''. 20 April 2007.</ref> 12.1% of US military veterans who had served after the [[September 11 attacks]] in 2001 were unemployed as of 2011; 29.1% of male veterans aged 18β24 were unemployed.<ref name=":0"/> As of September 2016, the total veteran unemployment rate was 4.3 percent. By September 2017, that figure had dropped to 3 percent.<ref>{{Cite news|url=https://dailyenergyinsider.com/news/8379-utilities-open-employment-arms-u-s-military-veterans/|title=Utilities open employment arms to U.S. military veterans|last=Riley|first=Kim|date=11 October 2017|work=Daily Energy Insider|access-date=23 October 2017|language=en-US}}</ref> About 25,000,000 people in the world's 30 richest countries lost their jobs between the end of 2007 and the end of 2010, as the economic downturn pushed most countries into [[recession]].<ref>"[https://www.theguardian.com/business/2009/sep/16/unemployment-rises-recession Unemployment hits highest since 1995]". 16 September 2009.</ref> In April 2010, the US unemployment rate was 9.9%, but the government's broader U-6 unemployment rate was 17.1%.<ref>"[https://blogs.wsj.com/economics/2010/05/07/broader-u-6-unemployment-rate-increases-to-171-in-april/ Broader U-6 Unemployment Rate Increases to 17.1% in April]". [[The Wall Street Journal]]. 7 May 2010.</ref> In April 2012, the unemployment rate was 4.6% in Japan.<ref>[http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Unemployment_statistics Unemployment statistics]. [[Eurostat]]. April 2012.</ref> In a 2012 story, the ''Financial Post'' reported, "Nearly 75 million youth are unemployed around the world, an increase of more than 4 million since 2007. In the European Union, where a debt crisis followed the financial crisis, the youth unemployment rate rose to 18% last year from 12.5% in 2007, the ILO report shows."<ref>{{cite news|url=http://business.financialpost.com/2012/05/23/global-youth-unemployment-rate-climbs/ |title=Global youth unemployment rate climbs |newspaper=Financial Post |publisher=Business.financialpost.com |date=23 May 2012 |access-date=1 March 2014}}</ref> In March 2018, according to US Unemployment Rate Statistics, the unemployment rate was 4.1%, below the 4.5β5.0% norm.<ref>{{cite news|url=https://www.thebalance.com/current-u-s-unemployment-rate-statistics-and-news-3305733|title=Current U.S. Unemployment Rate Statistics and News|date=April 2018|last=AMADEO|first=KIMBERLY|newspaper=The Balance }}</ref> In 2021, the labor force participation rate for non-white women and women with children declined significantly during the [[COVID-19 pandemic]], with approximately 20 million women leaving the workforce. Men were not nearly as impacted, leading some to describe the phenomenon as a "she-cession".<ref>{{cite web | title=The She-cession: How the Pandemic Forced Women from the Workplace and How Employers Can Respond | website=Ohioline | date=20 January 2022 | url=https://ohioline.osu.edu/factsheet/cdfs-4110 | access-date=3 June 2023}}</ref><ref>{{cite web | last1=Lim | first1=Katherine | last2=Zabek | first2=Mike | title=Women of color and women with children disproportionately left the labor force during the COVID-19 pandemic | website=Federal Reserve Bank of Minneapolis | date=28 February 2022 | url=https://www.minneapolisfed.org/article/2022/women-of-color-and-women-with-children-disproportionately-left-the-labor-force-during-the-covid-19-pandemic | access-date=3 June 2023}}</ref>
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