OECD unemployment rate falls to 6.0% in March 2017
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- Stanley Hunter
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1 OECD unemployment rate falls to 6.0% in March 017 The OECD unemployment rate for the population as a whole fell by 0.1 percentage point, to 6.0%, in March 017. Across the OECD area, 37.5 million people were unemployed, 4.9 million more than in April 008, before the crisis. The OECD unemployment rate for youth (people aged 15 to 4) fell by 0. percentage point in March (to 1.1%) continuing the downward trend seen in recent months and is now only 0.1 percentage point above its pre-crisis level. The youth unemployment rate fell significantly in the United States (by 0.8 percentage point, to 9.1%) and marginally in the euro area (by 0.1 percentage point, to 19.4%). However, the youth unemployment rate increased by 0.1 percentage point in Japan, albeit to very low levels (to 4.4%). The unemployment rate for the population as a whole fell by 0. percentage point in the United States (to 4.5%) and by 0.3 percentage point in Korea (to 3.7%). It increased by 0.1 percentage point in Canada (to 6.7%) and was stable in Japan (at.8%). More recent data show that in April the unemployment rate declined further in the United States (by 0.1 percentage point, to 4.4%) while it also declined in Canada (by 0. percentage point, to 6.5%). The unemployment rate was stable in the euro area, at 9.5% in March 017. Rates fell by 0. percentage point or more in Latvia (to 9.0%), Ireland (to 6.4%), the Netherlands (to 5.1%), the Slovak Republic (to 8.4%) and Slovenia (to 7.6%). By contrast, the unemployment rate increased by 0. percentage point in Austria (to 5.9%) and Italy (to 11.7%)., s.a. All persons Youth 13 OECD Total United States Euro area Japan 46 OECD Total Euro area United States Japan Latvia Portugal 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 news.contact@oecd.org For technical questions contact stat.contact@oecd.org Next release: Wednesday, 14 June 017 1
2 Table 1: OECD Unemployment Rates, s.a. Percentage of active population Q 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 Latvia Luxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Slovenia Spain Sweden Switzerland Turkey () United Kingdom United States (3) Notes: (1) Canada: Unemployment rate for April 017 was 6.5 %. () Following the changes introduced in the Labour Force Survey for Turkey, data from January 014 onwards are not comparable with previous data. (3) United States: Unemployment rate for April 017 was 4.4 %.
3 Table : 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 Latvia Luxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Slovenia Spain Sweden Switzerland Turkey (1) United Kingdom United States (1) Following the changes introduced in the Labour Force Survey for Turkey, data from January 014 onwards are not comparable with 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 (15-4) Prime-age and Older Workers (5+) 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 Latvia Luxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Slovenia Spain Sweden Switzerland Turkey (1) United Kingdom United States (1) Following the changes introduced in the Labour Force Survey for Turkey, data from January 014 onwards are not comparable with previous data. 4
5 Table 4: Unemployment Levels, s.a. Thousands of persons Q3 Q4 Q1 Dec Jan Feb Mar OECD - Total 41,596 39,300 39,339 38,607 37,941 38,503 38,7 38,010 37,54 Major Seven 1,630 0,539 0,538 0,5 19,853 0,08 0,160 19,855 19,545 European Union,880 0,909 0,715 0,07 19,80 0,044 19,919 19,77 19,716 Euro area 17,451 16,8 16,095 15,781 15,559 15,68 15,643 15,50 15,515 Australia Austria Belgium Canada 1,331 1,361 1,357 1,344 1,308 1,34 1,34 1,86 1,314 Chile Czech Republic Denmark Estonia Finland France 3,054,970,949,965,98,97,978,980,988 Germany 1,950 1,771 1,776 1,708 1,680 1,690 1,68 1,679 1,678 Greece 1,197 1,131 1,1 1,117 1,119 1,117 Hungary Iceland Ireland Israel Italy 3,033 3,009,999 3,058 3,01 3,067 3,060,981 3,0 Japan,19,080,043,037 1,907,070 1,980 1,900 1,840 Korea 976 1,01 1, , ,108 1,03 Latvia Luxembourg Mexico,306,085,043 1,97 1,883,08 1,908 1,864 1,877 Netherlands New Zealand Norway Poland 1,304 1,063 1, Portugal Slovak Republic Slovenia Spain 5,056 4,481 4,415 4,38 4,141 4,183 4,164 4,144 4,115 Sweden Switzerland Turkey (1) 3,054 3,330 3,49 3,656 3,680 3,677 United Kingdom 1,747 1,598 1,579 1,553 1,538 1,501 United States 8,96 7,751 7,835 7,559 7,455 7,59 7,635 7,58 7,0 (1) Following the changes introduced in the Labour Force Survey for Turkey, data from January 014 onwards are not comparable with previous data. 5
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