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Unemployment - International Comparisons: Key Economic Indicators

Published Wednesday, October 9, 2019

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 2019 was 3.8%. This was slightly above the rate of the US (3.6%), below that of France (8.5%) but above that of Germany (3.1%). The UK rate was the 11th lowest of the 36 OECD member countries.

The unemployment rate for the Eurozone fell to 7.6% from 7.8% in Q2 2019, and fell in the G7 from 4.4% to 4.3%.

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 Q2 2019 (17.2%) followed by Spain at 14.1%.

The Czech Republic had the lowest unemployment rate in the OECD at 2.0%.

Youth (aged 15-24) unemployment is a major issue in many developed economies at present. In Q2 2019 youth unemployment was 33.0% in Greece, 32.8% in Spain, 28.9% in Italy and 25.5% in Turkey. UK youth unemployment stood at 11.2%.

Commons Briefing papers SN02800

Author: Andy Powell

Topics: Economic situation, International economic relations, Unemployment

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