You are here:

House of Commons Library

Unemployment - International Comparisons: Key Economic Indicators

Published Tuesday, February 11, 2020

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

Jump to full report >>

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

The UK harmonised unemployment rate for Q3 2019 was 3.8%. This was slightly above the rate of the US (3.6%), below that of France (8.6%) but above that of Germany (3.1%). The UK rate was the 12th lowest of the 36 OECD member countries.

The unemployment rate for the Eurozone fell by 0.1% to 7.5% in Q4 2019, and in the G7 stayed at 4.2%.

Most of the OECD countries have seen a fall in the unemployment rate over the last year.

Greece had the highest unemployment rate out of the OECD member states for Q3 2019 (16.9%) followed by Spain at 14.3%.

The Czech Republic had the lowest unemployment rate in the OECD at 2.1%.

Youth (aged 15-24) unemployment is a major issue in many developed economies at present. In Q3 2019 youth unemployment was 34.2% in Greece, 32.6% in Spain, 28.6% in Italy and 26.6% in Turkey. UK youth unemployment stood at 11.7%.

Commons Briefing papers SN02800

Author: Andy Powell

Topics: Economic situation, International economic relations, Unemployment

Share this page

Stay up to date

  • Subscribe to RSS feed Subscribe to Email alerts Commons Briefing papers

House of Commons Library

The House of Commons Library provides research, analysis and information services for MPs and their staff.