The unemployment rate in the Organization for Economic Cooperation and Development (OECD) area remained unchanged at 8 percent in April, but the trend was divergent among the major member countries, latest data showed Tuesday.
In Canada and Japan , the unemployment rates stayed stable at 7.2 percent, and 4.1 percent respectively in April.
US' unemployment rate dropped 0.1 percentage point to 7.5 percent, and the figure for Korea recorded a similar decrease and reached 3.1 percent.
Meanwhile, the jobless rate in the Eurozone rose by 0.1 percentage point from the previous month and hit a new record high of 12.2 percent in April. The figure was 1.3 percentage point above its mid-90's peak.
Unemployment trends across the member countries have diverged significantly since the beginning of the economic and financial crisis, the report said.
Overall, there were 48.5 million people unemployed in the OECD area in April, which was 0.2 million more than in March.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.