10/09/2019 - The OECD unemployment rate was stable at 5.2% in July 2019. Across the OECD area, 33.3 million people were unemployed.
The unemployment rate was also unchanged in the euro area (at 7.5% in July), with changes of 0.1 percentage point or less in most countries.
Outside Europe, the unemployment rate rose by 0.2 percentage point in Canada (to 5.7%), the second consecutive monthly increase. It decreased by 0.4 percentage point in Israel (to 3.7%, reverting to its level of May). It was stable in Australia (at 5.2%), Korea (4.0%) and the United States (3.7%) and fell marginally in Japan (to 2.2%, the lowest level since October 1992) and Mexico (to 3.5%).More recent data show that in August, the unemployment rate was stable in both Canada (at 5.7%) and the United States (at 3.7%).
The OECD unemployment rate for youth (people aged 15 to 24) increased by 0.1 percentage point in July (to 11.2%), with a rise of 0.3 percentage point in the unemployment rate for young women (to 10.9%), and a 0.1 percentage point decline for young men (to 11.5%).
The youth unemployment rate increased by 0.1 percentage point in the euro area (to 15.6%) and by 0.4 percentage point in the United States (to 8.5%, following a decrease of 0.4 percentage point in the previous month). By contrast, the youth unemployment rate fell by 0.4 percentage point in Japan, to 3.4%, the lowest level among OECD countries.
Link to underlying data - Source: Labour Force Statistics