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Unemployment - International Comparisons: Key Economic Indicators

Published Monday, June 12, 2017

Unemployment: International Comparisons: Data on harmonised unemployment rates for major international economies.

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The OECD produces harmonised unemployment rates for OECD members based on the ILO definition of unemployment.

 

The UK harmonised unemployment rate for Q4 2016 was 4.7%. This was equal to the rate of the US, below that of France (10.0%) but above that of Germany (3.9%). In the G7, the unemployment rate was 5.3%. Unemployment rates were slightly lower in Q1 2017 for the majority of these countries, although the UK figure hasn’t been published to date.

Greece had the highest harmonised unemployment rate out of the OECD member states for Q4 2016 (23.4%) followed by Spain at 18.7%.

Iceland and Japan had the lowest unemployment rate in the OECD for Q4 2016 at 2.8% and 3.1% respectively.

 

 

Commons Briefing papers SN02800

Author: Andy Powell

Topics: Economic situation, International economic relations, Unemployment

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