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 Q4 2018 was 3.9%. This was slightly above the rate of the US (3.8%), below that of France (8.9%) but above that of Germany (3.3%). The UK rate was the 12th lowest of the 36 OECD member countries.
The unemployment rate for the Eurozone fell to 7.9% in Q4 2018 from 8.0% in Q3 2018, and fell in the G7 from 4.5% to 4.4%.
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 Q4 2018 (18.3%) followed by Spain at 14.5%.
The Czech Republic had the lowest unemployment rate in the OECD for Q4 2018 at 2.1%.
Youth (aged 15-24) unemployment is a major issue in many developed economies at present. In Q4 2018 youth unemployment was 39.4% in Greece, 33.3% in Spain and 32.8% in Italy. UK youth unemployment stood at 11.2%.
Commons Briefing papers SN02800
Author: Andy Powell