Employment

Harmonised Unemployment Rates (HURs), OECD - Updated: September 2018

 

OECD unemployment rate stable at 5.3% in July 2018

 

Download the entire news release (graphs and tables included PDF)

 

11/09/2018 - The OECD unemployment rate was stable at 5.3% in July 2018. Across the OECD, 33.5 million people were unemployed, 15.7 million less than the peak in January 2013 and only 0.8 million more than in April 2008[1].  

In the euro area, the unemployment rate remained stable at 8.2% in July. However rates increased by 0.2 percentage point or more in Lithuania (up 0.5 percentage point, to 6.3%), Austria (up 0.2 percentage point, to 4.9%) and Belgium (up 0.2 percentage point, to 6.2%). By contrast, the unemployment rate fell by 0.4 percentage point in Italy, to 10.4%, having increased by 0.3 percentage point in the previous month.

The unemployment rate fell by 0.2 percentage point in Canada (to 5.8%) and by 0.1 percentage point in Mexico (to 3.3%) and the United States (to 3.9%), while it increased by 0.1 percentage point in Japan (to 2.5%) and Korea (to 3.8%). More recent data show that in August, the unemployment rate increased by 0.2 percentage point in Canada (to 6.0%), while it was stable in the United States.

The OECD unemployment rate for men fell by 0.1 percentage point in July, to 5.1%, 0.4 percentage point below that for women (stable at 5.5%). The OECD unemployment rate for youth (people aged 15 to 24) declined by 0.2 percentage point in July, to 10.9%. In the euro area, the youth unemployment rate also fell by 0.2 percentage point, to 16.6%, the lowest level since September 2008. Differences in youth unemployment rates across euro area countries remain large however, ranging from above 30% in Greece, Spain and Italy, to below 8% in Germany and the Netherlands.

‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌OECD unemployment rate stable at 5.3% in July 2018

Link to underlying data - Source: Labour Force Statistics‌‌

 

[1] In this news release, April 2008 is considered as the month preceding the start of the global financial crisis.
 
 

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@OECD_STAT

 

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