Introduction
The Organisation for Economic Co-operation and Development (OCDE) unemployment rate for September could not be calculated due to the absence of data from Chile, Costa Rica, the United Kingdom, and the United States, the latter because of the government shutdown.
Background on OCDE Unemployment Rate
Prior to September, the OCDE unemployment rate had remained at or below 5% for 40 consecutive months. However, the unemployment rate in September remained unchanged in 24 OCDE countries with available data, while it decreased in four and increased in another four.
Key Unemployment Figures
- Five nations reported unemployment rates equal to or below 3% in September.
- España stood out with a 10.5% unemployment rate, unchanged since June.
- Finland (9.6%), Suecia (8.7%), Turquía (8.6%), and Colombia (8.6%) had the highest unemployment rates.
- Corea del Sur (2.5%), Japón (2.6%), and México (2.7%) had the lowest unemployment rates.
Youth Unemployment Trends
Among those under 25, the downward trend in youth unemployment persisted among Nordic and Baltic countries, temporarily displacing Spain from the top spot.
- Spain (25%), Suecia (23.6%), and Luxemburgo (20.9%) led the pack in youth unemployment.
- Japan (3.9%), Israel (4.2%), and Corea del Sur (5.8%) exhibited the lowest youth unemployment rates.
Key Questions and Answers
- What is the OCDE? The Organisation for Economic Co-operation and Development (OCDE) is an international organization that promotes policies to improve the economic and social well-being of its 38 member countries.
- Why were some countries’ data missing? Data from Chile, Costa Rica, the United Kingdom, and the United States were not available for September calculations due to various reasons, including the U.S. government shutdown.
- Which countries had the highest and lowest unemployment rates? Finland (9.6%), Suecia (8.7%), Turquía (8.6%), and Colombia (8.6%) had the highest unemployment rates, while Corea del Sur (2.5%), Japón (2.6%), and México (2.7%) had the lowest.
- How did youth unemployment fare across different countries? Nordic and Baltic countries saw a decline in youth unemployment, with Spain temporarily losing its top position. Japan (3.9%), Israel (4.2%), and Corea del Sur (5.8%) had the lowest youth unemployment rates.
