OECD unemployment rate declines to 5.2 percent in September

Tuesday, 13 November 2018 15:54:49 (GMT+3)   |   Istanbul
       

In September this year, the unemployment rate of the 34 Organization for Economic Co-operation and Development (OECD) member countries fell by 0.1 percentage point to 5.2 percent compared to August, according to new figures published by the OECD. The number of unemployed in the OECD region in September was 33.1 million people, only 400,000 more than in April 2008.

In September, the unemployment rate for the euro area was at 8.1 percent, remaining unchanged month on month. In the given month, the unemployment rate remained unchanged in Mexico at 3.3 percent. The unemployment rate decreased by 0.3 percentage points both in Portugal to 6.6 percent and in Australia to 5.0 percent, fell by 0.2 percentage points in Belgium to 6.3 percent, in Ireland to 5.4 percent, in Latvia to 7.2 percent, in Luxembourg to 5.0 percent, in the Netherlands to 3.7 percent, in South Korea to 4.0 percent and in the US to 3.7 percent, recording the lowest rate since December 1969, and declined by 0.1 percentage point both in Canada to 5.9 percent and in Japan to 2.3 percent, while increasing by 0.3 percentage points in Italy to 10.1 percent, all compared to August.


Tags: Europe Economics 

Similar articles

Fitch revises up global GDP growth forecast to 2.4% in 2024

14 Mar | Steel News

Moody's expects 2.5% growth for Turkey’s economy in 2024

04 Mar | Steel News

Moody’s: Tight financial conditions to restrict global economic growth

01 Sep | Steel News

IMF: Global economic recovery to slow down in 2023 and 2024

26 Jul | Steel News

Turkey reverses long-term policy, hikes interest rate to 15 percent

22 Jun | Steel News

Pedro Videla at IREPAS: Emerging economies doing much better in terms of GDP growth

08 May | Steel News

Fitch expects Turkey’s GDP growth to slow to 2.5 percent in 2023

20 Mar | Steel News

Moody’s revises down G20 economies’ growth forecast for 2023

01 Mar | Steel News

Head of IMF: Third of world economy expected to be in recession in 2023

02 Jan | Steel News

Turkey’s economy grows by 3.9 percent in Q3

30 Nov | Steel News