OECD unemployment rate stable at 5.3% in July 2018

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1 OECD unemployment rate stable at.3% in July 208 The OECD unemployment rate was stable at.3% in July 208. Across the OECD, 33. million people were unemployed,.7 million less than the peak in January 203 and only 0.8 million more than in April 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. 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 0.4%, having increased by 0.3 percentage point in the previous month. The unemployment rate fell by 0.2 percentage point in Canada (to.8%) and by 0. percentage point in Mexico (to 3.3%) and the United States (to 3.9%), while it increased by 0. percentage point in Japan (to 2.%) 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. percentage point in July, to.%, 0.4 percentage point below that for women (stable at.%). The OECD unemployment rate for youth (people aged to 24) declined by 0.2 percentage point in July, to 0.9%. In the euro area, the youth unemployment rate also fell by 0.2 percentage point, to 6.6%, the lowest level since September 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 Total United States All OECD Unemployment Rates, s.a. Youth Euro area Euro area Germany Greece Japan Italy The Netherlands Spain Methodological Rates and levels quoted are seasonally adjusted (s.a.). Labour Market Statistics: Country Note: The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law. Contacts: For further information readers are invited to contact the OECD's Media Relations Division on (33) or For technical questions contact Next release: Tuesday, 9 October 208 In this news release, April 2008 is considered as the month preceding the start of the global financial crisis.

2 Table : OECD Unemployment Rates, s.a. Percentage of active population Q3 Q4 Q Q2 Feb Mar Apr May Jun Jul OECD - Total Major Seven European Union Euro area Australia Austria Belgium () Canada (2) Chile Czech Republic Denmark Estonia Finland France Germany Greece Hungary Iceland Ireland Israel Italy Japan Korea Latvia Lithuania Luxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Slovenia Spain Sweden Switzerland Turkey United Kingdom United States (3) () Belgium: Due to a methodological break in the Labour Force Survey, data from the st quarter of 207 onwards are not comparable with previous data. (2) Canada: Unemployment rate for August 208 was 6.0%. (3) United States: Unemployment rate for August 208 was 3.9%. 2

3 Table 2: Unemployment Rates by Gender, s.a. Percentage of corresponding active population Women Men Q Q2 May Jun Jul Q Q2 May Jun Jul OECD - Total Major Seven European Union Euro area Australia Austria Belgium () Canada Chile Czech Republic Denmark Estonia Finland France Germany Greece Hungary Iceland Ireland Israel Italy Japan Korea Latvia Lithuania Luxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Slovenia Spain Sweden Switzerland Turkey (2) United Kingdom United States () Belgium: Due to a methodological break in the Labour Force Survey, data from the st quarter of 207 onwards are not comparable with previous data. (2) Turkey: Due to changes introduced in the Labour Force Survey, data by gender from January 204 onwards are OECD estimates. 3

4 Table 3: Unemployment Rates by Age, s.a. Percentage of corresponding active population Youth (-24) Prime-age and Older Workers (2+) Q Q2 May Jun Jul Q Q2 May Jun Jul OECD - Total Major Seven European Union Euro area Australia Austria Belgium () Canada Chile Czech Republic Denmark Estonia Finland France Germany Greece Hungary Iceland Ireland Israel (2) Italy Japan Korea Latvia Lithuania Luxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Slovenia (3) Spain Sweden Switzerland Turkey United Kingdom United States () Belgium: Quarterly data are shown for youth unemployment. Due to a methodological break in the Labour Force Survey, data from the st quarter of 207 onwards are not comparable with previous data. (2) Israel: Data shown in this table are not seasonally adjusted. (3) Slovenia: Quarterly data are shown for youth unemployment. 4

5 Table 4: Unemployment Levels, s.a. Thousands of persons Q4 Q Q2 Apr May Jun Jul OECD - Total 39,44 36,284 34,84 34,20 33,64 33,96 33,4 33,86 33, Major Seven 20,46 8,89 8,44 7,977 7,470 7,67 7,000 7,73 7,40 European Union 20,94 8,78 8,020 7,86 7,009 7,24 6,907 6,90 6,823 Euro area 6,26 4,72 4,20 3,97 3,9 3,66 3,442 3,44 3,38 Australia Austria Belgium () Canada,36,247,76,47,67,,2,9,60 Chile Czech Republic Denmark Estonia Finland France 2,972 2,788 2,7 2,744 2,700 2,70 2,69 2,700 2,737 Germany,774,62,,,486,493,486,478,470 Greece,3, Hungary Iceland Ireland Israel Italy 3,009 2,909 2,862 2,8 2,8 2,862 2,74 2,88 2,70 Japan 2,080,896,843,673,630,720,0,660,720 Korea,009,023,07,04,067,068,4,08,067 Latvia Lithuania Luxembourg 8 6 Mexico 2,08,84,879,804,862,90,793,889,832 Netherlands New Zealand Norway Poland, Portugal Slovak Republic Slovenia Spain 4,48 3,97 3,766 3,694 3,08 3,9 3,0 3,49 3,43 Sweden Switzerland Turkey 3,330 3,4 3,229 3,78 3,298 3,397 United Kingdom,99,448,42,393,376,338 United States 7,7 6,982 6,72 6,68 6,32 6,346 6,06 6,64 6,280 Note: () Belgium: Due to a methodological break in the Labour Force Survey, data from the st quarter of 207 onwards are not comparable with previous data.

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