OECD unemployment rate stable at 5.5% in January 2018
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1 OECD unemployment rate stable at.% in January 2018 The OECD unemployment rate was stable at.% in January Across the OECD area, 34. million people were unemployed, 1.9 million more than in April In the euro area, the unemployment rate was stable at 8.6% in January. The unemployment rate fell by 0.2 percentage point or more in Slovenia (down 0.3 percentage point, to.9%) and the Netherlands (down 0.2 percentage point, to 4.2%). By contrast, it increased by 0.2 percentage point in Italy (to 11.1%, returning to its November 2017 level). Outside the euro area, the unemployment rate fell by 0.3 percentage point in Israel (to 3.7%) and Japan (to 2.4%), and by 0.1 percentage point in Korea (to 3.6%) and Mexico (to 3.3%). It was stable in the United States (at 4.1%) and rose by 0.1 percentage point in Canada (to.9%). More recent data show that in February, the unemployment rate remained stable in the United States, while it decreased by 0.1 percentage point in Canada (to.8%). In January, the OECD unemployment rate for women (down 0.1 percentage point, to.6%) remained slightly above that for men (unchanged at.4%). Over the past four years, the difference between unemployment rate for women and men has hovered between 0.1 and 0.4 percentage point. Gender differences in unemployment rates are significantly higher in the euro area, where the unemployment rate for women in January was 0.7 percentage point higher than that for men. Conversely, the unemployment rate for men exceeded that for women by 0.3 percentage point in both Japan and the United States. The OECD unemployment rate for youth (people aged 1 to 24) fell by 0.2 percentage point in January (to 11.4%), the second consecutive monthly decline, but remains more than twice as large as that for other age categories., s.a. 13 OECD Total United States Euro area Japan 9 Women, OECD Total Men, OECD Total Methodological Notes: All rates and levels quoted are seasonally adjusted (s.a.). In this News Release, April 2008 is considered as the month preceding the start of the global financial crisis. 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 news.contact@oecd.org For technical questions contact stat.contact@oecd.org Next release: Wednesday, 11 April
2 Table 1: OECD Unemployment Rates, s.a. Percentage of active population Q1 Q2 Q3 Q4 Aug Sep Oct Nov Dec Jan 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 Latvia Luxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Slovenia Spain Sweden Switzerland Turkey United Kingdom United States (2) Notes: (1) Canada: Unemployment rate for February 2018 was.8%. (2) United States: Unemployment rate for February 2018 was 4.1%. 2
3 Table 2: Unemployment Rates by Gender, s.a. Percentage of corresponding active population Women Men Q3 Q4 Nov Dec Jan Q3 Q4 Nov Dec Jan 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 Luxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Slovenia Spain Sweden Switzerland Turkey (1) United Kingdom United States Note: (1) Turkey: Due to changes introduced in the Labour Force Survey, data by gender from January 2014 onwards are OECD estimates. 3
4 Table 3: Unemployment Rates by Age, s.a. Percentage of corresponding active population Youth (1-24) Prime-age and Older Workers (2+) Q3 Q4 Nov Dec Jan Q3 Q4 Nov Dec Jan OECD - Total Major Seven European Union Euro area Australia Austria Belgium (1) Canada Chile Czech Republic Denmark Estonia Finland France Germany Greece Hungary Iceland Ireland Israel Italy Japan Korea Latvia Luxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Slovenia (1) Spain Sweden Switzerland Turkey United Kingdom United States Note: (1) Belgium and Slovenia: Quarterly data are shown for youth unemployment. 4
5 Table 4: Unemployment Levels, s.a. Thousands of persons Q2 Q3 Q4 Oct Nov Dec Jan OECD - Total 39,338 36,201 36,433 3,808 34,892 3,029 34,93 34,707 34,494 Major Seven 20,46 18,906 18,963 18,802 18,14 18,227 18,198 18,038 17,978 European Union 20,939 18,799 18,93 18,64 18,102 18,23 18,104 17,90 17,931 Euro area 16,24 14,768 14,862 14,602 14,243 14,364 14,243 14,121 14,111 Australia Austria Belgium Canada 1,361 1,247 1,273 1,222 1,176 1,221 1,168 1,139 1,13 Chile Czech Republic Denmark Estonia Finland France 2,972 2,789 2,81 2,820 2,703 2,738 2,693 2,678 2,676 Germany 1,774 1,633 1,646 1,611 1,7 1,89 1,7 1,61 1,47 Greece 1,131 1, Hungary Iceland Ireland Israel Italy 3,009 2,909 2,904 2,911 2,86 2,879 2,870 2,818 2,882 Japan 2,080 1,896 1,930 1,883 1,843 1,860 1,840 1,830 1,600 Korea 1,009 1,023 1,036 1,014 1,017 1,010 1,018 1,022 1,009 Latvia Luxembourg Mexico 2,08 1,84 1,872 1,794 1,874 1,861 1,894 1,867 1,817 Netherlands New Zealand Norway Poland 1, Portugal Slovak Republic Slovenia Spain 4,481 3,917 3,928 3,817 3,769 3,791 3,772 3,744 3,70 Sweden Switzerland Turkey 3,330 3,482 3,44 3,336 3,297 United Kingdom 1,99 1,44 1,407 1,416 1,436 United States 7,71 6,982 6,941 6,947 6,72 6,24 6,616 6,76 6,684
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