MRO Magazine

OECD unemployment rate continues to rise

Paris, France -- The unemployment rate for the OECD (Organization for Economic Co-operation and Development) area w...


Human Resources

March 20, 2009
By MRO Magazine

Paris, France — The unemployment rate for the OECD (Organization for Economic Co-operation and Development) area was 6.9% in January 2009, 0.1 percentage point higher than the previous month and 1.3 percentage points higher than a year earlier.

 

The OECD total covers 29 OECD member countries for which unemployment rates have been estimated. These comprise the 19 of the 27 European Union countries which are also members of the OECD, plus Canada, the United States, Australia, Japan, Korea, New Zealand, Iceland, Norway, Switzerland and Turkey.

 

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In the Euro area, the unemployment rate was 8.2% in January 2009, 0.1 percentage point higher than the previous month and 0.9 percentage point higher than a year earlier. For the United States, the unemployment rate for February 2009 was 8.1%, 0.5 percentage point higher than the previous month and 3.2 percentage points higher than a year earlier. For Japan, the rate was 4.1% in January 2009, 0.2 percentage point lower than the previous month but 0.3 percentage point higher than in January 2008.

 

In January 2009, the unemployment rate for France was 8.3%, 0.1 percentage point higher than the previous month and 0.7 percentage point higher than a year earlier. For Germany, the rate was 7.3% in January 2009, 0.1 percentage point higher than the previous month but 0.4 percentage point lower than in January 2008.

 

For Canada, the unemployment rate was 7.2% in January 2009, 0.6 percentage point higher the previous month and 1.3 percentage points higher than a year earlier. In November 2008, the rate in the United Kingdom was 6.2%, 0.1 percentage point higher than the previous month and 1.2 percentage point higher than in November 2007.

 

The unemployment rates for other OECD countries and geographic groupings, as well as historical data, can be downloaded from the OECD online data dissemination facility OECD.Stat Extracts at: http://stats.oecd.org/wbos/Default.aspx?QueryName=251&QueryType=View&Lang=en.