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- Unemployment rate in the OECD area remains unchanged at 6.8% in July
Unemployment rate in the OECD area remains unchanged at 6.8% in July
The Organization for Economic Cooperation and Development (OECD) released its unemployment rate figures on Wednesday. The OECD unemployment rate remained unchanged at 6.8% in July.
The unemployment rate in Eurozone was down by 0.2% to 10.9% in July. The highest unemployment rate was recorded in Spain with 22.2%.
The U.S. unemployment rate fell by 0.2% to 5.1% in August from 5.3 in July.
41.6 million people were unemployed in the OECD area in July.
The youth unemployment fell to 14.0% in July from 14.3 in June. The highest youth unemployment was in Spain with 48.6%, followed by Italy with 40.5% and Portugal with 31%.
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