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Unemployment - International Comparisons: Key Economic Indicators

Published Tuesday, January 16, 2018

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 Q3 2017 was 4.2%. This was just below the rate of the US (4.3%), below that of France (9.5%) but above that of Germany (3.7%). The UK rate was the 10th lowest of the 35 OECD member countries.

The unemployment rate for the Eurozone fell to 9.0% in Q3 2017 from 9.2% in Q2 2017, and fell slightly for the G7 from 5.0% to 4.9%. 28 of the 35 OECD countries had a lower rate for Q3 2017 than for Q2 2017.

Greece had the highest harmonised unemployment rate out of the OECD member states for Q3 2017 (20.7%) followed by Spain at 16.8%. The Czech Republic and Japan had the lowest unemployment rates in the OECD for Q3 2017 at 2.8%.

Commons Briefing papers SN02800

Author: Andy Powell

Topics: Economic situation, International economic relations, Unemployment

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