According to Edmund Conway (2009), unemployment is the most critical concern of the government. And it should be maintained near the frictional.
In the BRICS case, in 2016, according to the WBank, unemployment is:
South Africa = 26%
Brazil = 12%
Russia = 5,5%
India = 3,5%
China = 4,5%
1st: Are South Africa and Brazil in real trouble?
2nd: After all this diplomatic and commercial mess, is Russia coming right behind?
Please, share your thinking.
Thanks!