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 Q1 2018 was 4.2%. This was slightly above the rate of the US (4.1%), below that of France (9.2%) but above that of Germany (3.5%). The UK rate was the 13th lowest of the 36 OECD member countries.
The unemployment rate for the Eurozone fell to 8.6% in Q1 2018 from 8.7% in Q4 2017, and fell for the G7 from 4.8% to 4.7%. Almost all 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 Q1 2018 (20.5%) followed by Spain at 16.2%. The Czech Republic had the lowest unemployment rate in the OECD for Q1 2018 at 2.3%.
Youth unemployment is a major issue in many developed economies at present. In Q1 2018, youth unemployment was 43.6% in Greece, 35.6% in Spain and 32.7% in Italy. UK youth unemployment was 11.7%.
Commons Briefing papers SN02800
Author: Andy Powell