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Unemployment - International Comparisons: Key Economic Indicators

Published Monday, November 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 Q2 2017 was 4.4%. This was equal to the rate of the US, below that of France (9.5%) but above that of Germany (3.8%). The UK rate was the 8th lowest of the 35 OECD member countries. The G7 unemployment rate fell to 5.0% in Q2 2017 from 5.2% in Q1 2017.

The unemployment rate for the Eurozone fell to 9.0% in Q3 2017 from Q2 2017. 22 of the 28 OECD countries that have published rates for Q3 2017 had a lower rate for that quarter than for Q2 2017. The Q3 figure for the UK and for the G7 has not been published to date.

Greece had the highest harmonised unemployment rate out of the OECD member states for Q2 2017 (21.6%) followed by Spain at 17.3%. Iceland had the lowest unemployment rate at 2.8% followed by Japan at 2.9%.

Commons Briefing papers SN02800

Author: Andy Powell

Topics: Economic situation, International economic relations, Unemployment

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