OECD unemployment rate down to 6.4% in March 2016

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1 OECD unemployment rate down to 6.4% in March 2016 The OECD unemployment rate fell by 0.1 percentage point to 6.4% in March 2016, 1.7 percentage point below the January 2013 peak. Across the OECD area, 39.7 million people were unemployed, 9.1 million less than in January 2013, but still 7.2 million more than in April 2008, before the crisis. In March 2016, the euro area unemployment rate declined by 0.2 percentage point, to 10.2%, its lowest level since August 2011 and 1.9 percentage point below the peak recorded in April The unemployment rate declined most (by 0.2 percentage point) in France (to 10.0%), Ireland (to 8.6%) and Italy (to 11.4%). The unemployment rate in March 2016 also fell in Canada (by 0.2 percentage point, to 7.1%), Japan (by 0.1 percentage point, to 3.2%) and Mexico (by 0.1 percentage point, to 4.1%), while it increased by 0.1 percentage point, to 5.0%, in the United States. More recent data show that in April 2016 the unemployment rate was stable in both the United States and Canada. The OECD unemployment rate declined for most groups in March: men (down 0.1 percentage point, to 6.3%), women (down 0.1 percentage point, to 6.5%) and youth aged 15 to 24 (down 0.1 percentage point, to 13.1%). For people above 25 the unemployment rate remained stable (at 5.6%) but, like for all other groups, the rate has declined significantly since March OECD Harmonised Unemployment rates, s.a. 13 Euro area Japan United States OECD Total 0.4 Change since March 2015 Change since February All persons Women Men Youth (15-24) 25+ (1) (1) Compared to February 2016, change in OECD unemployment rate for people above 25 was zero percentage point. Methodological Notes: All rates and levels quoted are seasonally adjusted (s.a.). New Labour Market Statistics: Country 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: Thursday, 9 June

2 Table 1: OECD Unemployment Rates, s.a. Percentage of active population Q2 Q3 Q4 Q1 Oct Nov Dec Jan Feb Mar OECD - Total Major Seven European Union Euro area Australia Austria Belgium Canada (1) Chile Czech Republic Denmark Estonia Finland France Germany Greece Hungary Iceland Ireland Israel Italy Japan Korea Luxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Slovenia Spain Sweden Switzerland Turkey (2) United Kingdom United States (3) Notes: (1) Canada: Unemployment rate for April 2016 was 7.1%. (2) Following the changes introduced in the Labour Force Survey for Turkey, data from January 2014 onwards are not comparable with previous data. (3) United States: Unemployment rate for April 2016 was 5.0%. 2

3 Table 2: Unemployment Rates by Gender, s.a. Percentage of corresponding active population Women Men Q4 Q1 Jan Feb Mar Q4 Q1 Jan Feb Mar 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 Luxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Slovenia Spain Sweden Switzerland Turkey (1) United Kingdom United States previous data. From this date, data by gender are OECD estimates. 3

4 Table 3: Unemployment Rates by Age, s.a. Percentage of corresponding active population Youth (15-24) Prime-age and Older Workers (25+) Q4 Q1 Jan Feb Mar Q4 Q1 Jan Feb Mar 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 Luxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Slovenia Spain Sweden Switzerland Turkey (1) United Kingdom United States previous data. 4

5 Table 4: Unemployment Levels, s.a. Thousands of persons Q3 Q4 Q1 Dec Jan Feb Mar OECD - Total 44,688 41,496 41,067 40,350 39,846 40,335 39,788 40,012 39,729 Major Seven 23,639 21,617 21,332 20,918 20,748 20,955 20,724 20,795 20,723 European Union 24,802 22,872 22,557 22,010 21,608 21,892 21,737 21,669 21,419 Euro area 18,631 17,445 17,197 16,887 16,601 16,803 16,702 16,663 16,437 Australia Austria Belgium Canada 1,322 1,331 1,345 1,369 1,395 1,386 1,390 1,410 1,385 Chile Czech Republic Denmark Estonia Finland France 3,026 3,047 3,101 3,011 2,960 2,996 2,978 2,985 2,918 Germany 2,090 1,950 1,918 1,875 1,820 1,858 1,839 1,819 1,801 Greece 1,274 1,197 1,192 1,176 1,166 1,169 Hungary Iceland Ireland Israel Italy 3,230 3,033 2,945 2,949 2,937 2,961 2,958 2,958 2,895 Japan 2,359 2,218 2,227 2,160 2,130 2,210 2,120 2,160 2,110 Korea , ,105 1,042 Luxembourg Mexico 2,511 2,306 2,288 2,332 2,224 2,420 2,216 2,259 2,198 Netherlands New Zealand Norway Poland 1,567 1,304 1,283 1,232 1,190 1,214 1,200 1,191 1,180 Portugal Slovak Republic Slovenia Spain 5,611 5,056 4,943 4,773 4,674 4,730 4,699 4,682 4,640 Sweden Switzerland Turkey (1) 2,860 3,054 3,114 3,128 3,086 3,035 United Kingdom 1,996 1,741 1,732 1,646 1,640 1,648 United States 9,616 8,296 8,064 7,909 7,857 7,904 7,791 7,815 7,966 previous data. 5

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