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OECD Unemployment Rate Falls Slightly In December

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

The unemployment rate across the member nations of the Organization for Economic Cooperation and Development fell to 7.1 percent in December from 7.2 percent in November.

In the euro area, the jobless rate slid marginally to 11.4 percent from 11.5 percent in November. The unemployment rate in the United States declined to 5.6 percent from 5.8 percent.

The rate came in at 3.4 percent in Japan in December compared to 3.5 percent in November.

Across the OECD area, 43 million people were unemployed in December, about 6.7 million less than the peak reported in April 2010, but still 8.6 million more than in July 2008.

The youth unemployment rate fell by 0.3 percentage point to 14.6 percent in December. The unemployment remained exceptionally high in several euro area countries such as Greece, Italy and Portugal.

In 2014, the jobless rate across the OECD area decreased to 7.3 percent from 7.9 percent in 2013.

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