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- OECD unemployment rate remained stable in November
OECD unemployment rate remained stable in November
The data published by the Organisation for Economic Cooperation and Development, showed that the unemployment rate among the OECD countries remained unchanged in November.
The unemployment rate was 6.2 percent, in line with the figure for the previous month. Across the OECD area, 38.5 million people were unemployed.
In the euro area unemployment rate also remained stable, at around 9.8 percent. Meanwhile, the unemployment rate decreased by 0.2 percentage points to 6.8 per cent in Canada and 4.6 percent in the United States. The report also showed that the unemployment rate in Japan rose in November by 0.1 percentage points to 3.1 percent.
The OECD reported that the unemployment rate among young people aged 15 to 24 years remained high, especially in Southern Europe. In total, 9.3 million young people were unemployed in the OECD countries. The youth unemployment rate was 12.8 percent.
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