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Employment

Harmonised Unemployment Rates (HURs), OECD - Updated: November 2019

 

OECD unemployment rate stable at 5.2% in September 2019

 

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13/11/2019 - The OECD unemployment rate was stable at 5.2% in September 2019. Across the OECD area, 33.1 million people were unemployed.

In the euro area, the unemployment rate was also stable in September, at 7.5%. The unemployment rate declined by 0.3 percentage point in Luxembourg (to 5.4%) but increased by 0.3 percentage point in Italy (to 9.9%) and by 0.2 percentage point in Portugal (to 6.6%), with changes of 0.1 percentage point or less in other countries.

Most European countries outside the euro area also saw little change in their unemployment rate, but in Denmark it increased by 0.2 percentage point, for the third consecutive month, to 5.3%.

Outside Europe, the unemployment rate was stable in Mexico (at 3.6%), declined by 0.2 percentage point in Canada (to 5.5%) and the United States (to 3.5%, the lowest level since December 1969), but increased by 0.3 percentage point in Korea (to 3.4%) and by 0.2 percentage point in Japan (to 2.4%). More recent data show that in October, the unemployment rate increased by 0.1 percentage point in the United States (to 3.6%), while it was stable in Canada (at 5.5%).

In September, the unemployment rate for youth (people aged 15 to 24) was stable at 11.4% for the OECD area as a whole but increased by 0.2 percentage point in the euro area (to 15.9%) and by 1.1 percentage points in Japan (to 4.8%). However it declined by 0.6 percentage point in the United States (to 8.0%, the lowest level since March 1957).

 

 

Link to underlying data - Source: Labour Force Statistics‌‌

 

 
 

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@OECD_STAT

 

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