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Unemployment - International Comparisons: Key Economic Indicators

Published Friday, February 17, 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 Q3 2016 was 4.9%. This was below the rate of France (10.3%) but above that of Germany (3.9%).

In the US, the unemployment rate stood at 4.7% in Q4 2016, up from Q3. In the G7, the unemployment rate was 5.3% in Q4 2016, down from Q3 2016.

Greece had the highest harmonised unemployment rate out of the OECD member states for Q3 2016 (23.2%). The harmonised unemployment rate was 18.7% in Spain in Q4 2016.

Iceland, Japan and South Korea had the lowest unemployment rate in the OECD for Q4 2016 at 2.8%, 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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