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Unemployment - International Comparisons: Key Economic Indicators

Published Thursday, April 13, 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 below the rate of France (10.0%) but above that of Germany (4.0%).

In the US, the unemployment rate stood at 4.7% in Q4 2016, down from Q3. In the G7, the unemployment rate was 5.4% in Q4 2016, down from Q3 2016.

Greece had the highest harmonised unemployment rate out of the OECD member states for Q4 2016 (23.1%) followed by Spain at 18.1%.

Iceland, Japan and South Korea had the lowest unemployment rate in the OECD for Q4 2016 at 3.0%, 3.1% and 3.6% respectively.

 

 

Commons Briefing papers SN02800

Authors: Steven Ayres; James Mirza Davies

Topics: Economic situation, International economic relations, Unemployment

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