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Unemployment - International Comparisons: Key Economic Indicators

Published Monday, February 12, 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 (9.6%) but above that of Germany (3.7%). The UK rate was the 9th lowest of the 35 OECD member countries. The UK figure for Q4 2017 has not yet been published.

The unemployment rate for the Eurozone fell to 8.7% in Q4 2017 from 9.0% in Q3 2017, and fell for the G7 from 5.0% to 4.8%. 24 of the 28 OECD countries that have published a figure for Q4 2017 had a lower rate for that quarter than for Q3 2017.

Greece had the highest unemployment rate out of the OECD member states for Q3 2017 (20.9%) 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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