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OECD unemployment rate stable at 5.3% in July 2018

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11/09/2018 - The OECD unemployment rate was stable at 5.3% in July 2018. Across the OECD, 33.5 million people were unemployed, 15.7 million less than the peak in January 2013 and only 0.8 million more than in April 2008[1].  

In the euro area, the unemployment rate remained stable at 8.2% in July. However rates increased by 0.2 percentage point or more in Lithuania (up 0.5 percentage point, to 6.3%), Austria (up 0.2 percentage point, to 4.9%) and Belgium (up 0.2 percentage point, to 6.2%). By contrast, the unemployment rate fell by 0.4 percentage point in Italy, to 10.4%, having increased by 0.3 percentage point in the previous month.

The unemployment rate fell by 0.2 percentage point in Canada (to 5.8%) and by 0.1 percentage point in Mexico (to 3.3%) and the United States (to 3.9%), while it increased by 0.1 percentage point in Japan (to 2.5%) and Korea (to 3.8%). More recent data show that in August, the unemployment rate increased by 0.2 percentage point in Canada (to 6.0%), while it was stable in the United States.

The OECD unemployment rate for men fell by 0.1 percentage point in July, to 5.1%, 0.4 percentage point below that for women (stable at 5.5%). The OECD unemployment rate for youth (people aged 15 to 24) declined by 0.2 percentage point in July, to 10.9%. In the euro area, the youth unemployment rate also fell by 0.2 percentage point, to 16.6%, the lowest level since September 2008. Differences in youth unemployment rates across euro area countries remain large however, ranging from above 30% in Greece, Spain and Italy, to below 8% in Germany and the Netherlands.

• Next publication date: 9 October 2018 - see all release dates
• Contacts: for further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org;  others should contact the Statistics Directorate on stat.contact@oecd.org.
• Link to previous news releases
• More information on labour statistics at www.oecd.org/sdd/labour

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