In July this year, the unemployment rate of the 34 Organization for Economic Co-operation and Development (OECD) member countries decreased to 7.9 percent from eight percent in June, according to new figures published by the OECD.
In July, the unemployment rate for the euro area was stable at 12.1 percent for the fifth consecutive month. The gap with the OECD average has considerably widened since the beginning of the global financial crisis.
In July, the unemployment rate in the
US decreased by 0.2 percentage points month on month to 7.4 percent, while it increased by 0.1 percentage point in
Canada to 7.2 percent and declined by 0.1 percentage point to 3.8 percent in
Japan. The OECD said that more recent data referring to the month of August show that the unemployment rate decreased by 0.1 percentage point month on month in the United States and
Canada, respectively falling to 7.3 percent and 7.1 percent.