OECD unemployment rate at 8.0% in April 2013
Download the entire news release - (PDF 150KB)
11/06/2013 - The OECD unemployment rate was stable at 8.0% in April 2013, unchanged from the previous month.
In the euro area, the unemployment rate hit a new record high - up 0.1 percentage point to 12.2% in April, 1.3 percentage point above its mid-90’s peak.
In April, the unemployment rate decreased in the United States (by 0.1 percentage point to 7.5%) and in Korea (by 0.1 percentage point to 3.1%), while it was stable in Canada (at 7.2%) and in Japan (at 4.1%). More recent data referring to the month of May show that the unemployment rate increased in the United States (by 0.1 percentage point to 7.6%) while it fell in Canada (by 0.1 percentage point to 7.1%).
Trends in unemployment rates across OECD countries have diverged significantly since the beginning of the economic and financial crisis. In May 2013, unemployment rates were significantly below the peaks reached in the second half of 2009 in Canada and the United States (1.6 and 2.4 percentage points lower, respectively). In April, the unemployment rate in Japan was close to its pre-crisis level while it was significantly below that level in Germany (2.0 percentage points lower). By contrast, the unemployment rate reached a new peak in several European countries, including France (at 11.0%), Greece (at 27.0% in February, the latest month available), Italy (at 12.0%), Portugal (at 17.8%) and Spain (at 26.8%).
Overall, there were 48.5 million people unemployed in the OECD area in April 2013, 0.2 million more than in March and 13.7 million more than in July 2008.