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. OECD unemployment rate stable at 6.3% in July 2016 OECD Harmonised Unemployment Rates News Release: July 2016

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OECD unemployment rate stable at 6.3% in July 2016

The OECD unemployment rate was stable for the second consecutive month, at 6.3%, in July 2016.

This was 1.8 percentage points below the January 2013 peak. Across the OECD area, 39.1 million people were unemployed, 9.9 million less than in January 2013, but still 6.4 million more than in April 2008, before the crisis started affecting the labour market.

The unemployment rate in July was also stable in the euro area, at 10.1% for the fourth consecutive month. Within the euro area, unemployment rates fell most in Spain (by 0.3 percentage point, to 19.6%) and Italy (by 0.2 percentage point, to 11.4%). By contrast, the unemployment rate for France increased by 0.2 percentage point, to 10.3%.

The unemployment rate in July decreased by 0.1 percentage point in Japan (to 3.0%) and Mexico (to 3.8%), while it was stable in the United States (at 4.9%), and rose by 0.1 percentage point in Canada (to 6.9%). More recent data show that in August, the unemployment rate remained at the same level in the United States while it continued to increase in Canada (by 0.1 percentage point to 7.0%).

The broad stability in unemployment rates observed for the OECD as a whole holds across all the main population groups. The OECD unemployment rate for men (stable at 6.2%) remained lower than the rate for women (down 0.1 percentage point, to 6.4%), while that for youth (people aged 15 to 24), at 13.1%

(up 0.1 percentage point), was still more than twice the overall unemployment rate.

OECD Harmonised Unemployment rates, s.a

.

Methodological Notes: http://www.oecd.org/std/labourstatistics/44743407.pdf All rates and levels quoted are seasonally adjusted (s.a.).

New Labour Market Statistics: http://stats.oecd.org/index.aspx?queryid=36324

Country Note: The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law.

Contacts: For further information readers are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or e-mail [email protected]

For technical questions contact [email protected] Next release: Tuesday, 11 October 2016

2 3 4 5 6 7 8 9 10 11 12 13

Euro area United States

Japan OECD Total

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Jul-16 Jun-16

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Table 1: OECD Unemployment Rates, s.a.

Percentage of active population

2013 2014 2015 2015 2016 2016

Q3 Q4 Q1 Q2 Feb Mar Apr May Jun Jul

OECD - Total 7.9 7.4 6.8 6.7 6.6 6.4 6.3 6.5 6.4 6.4 6.3 6.3 6.3 Major Seven 7.1 6.4 5.8 5.7 5.6 5.6 5.5 5.6 5.6 5.5 5.4 5.5 5.5 European Union 10.9 10.2 9.4 9.3 9.0 8.8 8.6 8.9 8.7 8.7 8.6 8.6 8.6 Euro area 12.0 11.6 10.9 10.7 10.5 10.3 10.1 10.4 10.2 10.1 10.1 10.1 10.1

Australia 5.7 6.1 6.1 6.2 5.8 5.8 5.7 5.8 5.7 5.7 5.7 5.8 5.7 Austria 5.4 5.6 5.7 5.7 5.9 6.0 6.0 6.1 5.8 5.9 6.1 6.1 6.0 Belgium 8.5 8.5 8.5 8.1 8.6 8.2 8.4 8.2 8.1 8.3 8.4 8.4 8.3 Canada (1) 7.1 6.9 6.9 7.0 7.0 7.2 6.9 7.3 7.1 7.1 6.9 6.8 6.9

Chile 5.9 6.4 6.2 6.2 6.2 6.3 6.6 6.3 6.4 6.6 6.6 6.8

Czech Republic 7.0 6.1 5.1 4.8 4.5 4.2 4.0 4.2 4.0 4.0 4.0 4.1 4.2 Denmark 7.0 6.5 6.2 6.1 6.1 5.9 6.1 5.9 6.0 6.1 6.1 6.1 6.2 Estonia 8.6 7.4 6.2 5.6 6.3 6.4 6.6 6.1 6.6 6.4 6.5 7.0 Finland 8.2 8.7 9.4 9.4 9.4 9.2 9.1 9.2 9.1 9.1 9.1 9.1 9.1 France 10.3 10.3 10.4 10.5 10.2 10.2 10.0 10.3 10.1 9.9 9.9 10.1 10.3 Germany 5.2 5.0 4.6 4.6 4.5 4.3 4.3 4.3 4.3 4.3 4.3 4.3 4.2 Greece 27.5 26.6 25.0 24.7 24.4 24.1 24.0 23.8 23.5 23.5 Hungary 10.1 7.7 6.8 6.6 6.3 5.7 5.2 5.7 5.6 5.4 5.2 5.1 Iceland 5.4 5.0 4.0 3.9 3.5 3.1 2.9 3.1 3.0 3.0 2.9 2.8 2.8 Ireland 13.1 11.3 9.5 9.1 9.0 8.4 8.4 8.3 8.3 8.3 8.4 8.4 8.3

Israel 6.2 5.9 5.2 5.2 5.2 5.2 4.8 5.2 5.2 4.8 4.8 4.7 4.7

Italy 12.1 12.7 11.9 11.5 11.6 11.6 11.5 11.7 11.4 11.5 11.4 11.6 11.4

Japan 4.0 3.6 3.4 3.4 3.3 3.2 3.2 3.3 3.2 3.2 3.2 3.1 3.0

Korea 3.1 3.5 3.6 3.6 3.5 3.8 3.7 4.1 3.8 3.7 3.7 3.6 3.6

Latvia 11.9 10.9 9.9 10.0 9.9 9.9 9.5 9.9 9.7 9.5 9.5 9.6 9.5 Luxembourg 5.9 6.1 6.5 6.5 6.5 6.3 6.2 6.3 6.3 6.3 6.2 6.2 6.2

Mexico 4.9 4.8 4.4 4.3 4.3 4.1 4.0 4.2 4.1 4.0 4.0 3.9 3.8

Netherlands 7.2 7.4 6.9 6.8 6.7 6.5 6.3 6.5 6.4 6.4 6.3 6.1 6.0

New Zealand 5.8 5.4 5.4 5.5 5.0 5.2 5.1

Norway 3.5 3.5 4.4 4.5 4.6 4.7 4.7 4.7 4.7 4.6 4.7 4.8

Poland 10.3 9.0 7.5 7.4 7.1 6.5 6.3 6.5 6.3 6.3 6.3 6.2 6.1 Portugal 16.5 14.1 12.7 12.3 12.3 12.1 11.3 12.1 12.0 11.6 11.2 11.1 11.1 Slovak Republic 14.2 13.2 11.5 11.4 10.9 10.2 9.9 10.2 10.1 10.0 9.9 9.8 9.7 Slovenia 10.1 9.7 9.0 9.0 8.4 8.3 8.1 8.3 8.3 8.1 8.1 8.0 7.9 Spain 26.1 24.5 22.1 21.6 21.0 20.5 20.1 20.5 20.3 20.2 20.1 19.9 19.6

Sweden 8.0 7.9 7.4 7.2 7.1 7.1 6.8 7.1 7.2 6.7 7.1 6.6 7.0

Switzerland 4.4 4.5 4.5 4.9 4.7 5.1 4.3

Turkey (2) 8.7 10.0 10.3 10.3 10.4 10.0 10.0 9.8 9.8 10.1 United Kingdom 7.6 6.2 5.3 5.3 5.0 5.0 5.0 5.0 4.9 5.0 United States (3) 7.4 6.2 5.3 5.2 5.0 4.9 4.9 4.9 5.0 5.0 4.7 4.9 4.9

Notes:

(1) Canada: Unemployment rate for August 2016 was 7.0%.

(2) Following the changes introduced in the Labour Force Survey for Turkey, data from January 2014 onwards are not comparable with previous data.

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Table 2: Unemployment Rates by Gender, s.a.

Percentage of corresponding active population

Women Men

2015 2016 2016 2015 2016 2016

Q1 Q2 May Jun Jul Q1 Q2 May Jun Jul

OECD - Total 6.9 6.6 6.5 6.4 6.5 6.4 6.7 6.3 6.2 6.2 6.2 6.2 Major Seven 5.6 5.4 5.4 5.3 5.4 5.3 6.0 5.7 5.5 5.5 5.5 5.6 European Union 9.5 9.0 8.9 8.9 8.8 8.8 9.3 8.7 8.4 8.4 8.4 8.4 Euro area 11.0 10.6 10.5 10.5 10.5 10.5 10.7 10.0 9.8 9.8 9.8 9.7

Australia 6.1 5.9 5.9 5.8 6.1 5.8 6.1 5.8 5.6 5.7 5.5 5.6

Austria 5.3 5.5 5.6 5.6 5.7 5.5 6.1 6.5 6.4 6.5 6.5 6.4

Belgium 7.8 7.7 7.9 7.9 8.0 7.9 9.1 8.7 8.7 8.8 8.8 8.6

Canada 6.3 6.4 6.2 6.2 6.1 6.2 7.5 8.0 7.7 7.6 7.5 7.6

Chile 6.8 7.0 7.1 7.1 7.4 5.8 5.9 6.3 6.3 6.4

Czech Republic 6.1 5.0 4.8 4.7 4.9 5.0 4.3 3.6 3.5 3.4 3.5 3.5

Denmark 6.4 6.4 6.4 6.4 6.2 6.4 5.9 5.5 5.9 5.9 6.0 5.9

Estonia 6.1 5.8 5.5 5.3 5.7 6.3 6.8 7.7 7.8 8.2

Finland 8.8 8.8 8.9 8.9 8.9 9.0 9.9 9.5 9.3 9.3 9.2 9.1

France 9.9 9.8 9.6 9.6 9.7 10.0 10.8 10.5 10.3 10.2 10.4 10.6

Germany 4.2 4.1 3.9 3.9 3.9 3.9 5.0 4.6 4.6 4.6 4.6 4.6

Greece 28.9 28.5 28.5 21.8 20.5 19.5

Hungary 7.0 6.0 5.2 5.0 4.9 6.7 5.6 5.3 5.3 5.2

Iceland 4.1 2.9 2.9 2.9 2.9 2.9 3.9 3.2 2.9 2.8 2.8 2.8

Ireland 7.7 6.6 6.9 6.9 7.0 6.9 10.9 9.9 9.6 9.6 9.6 9.5

Israel 5.4 5.3 4.9 4.9 4.9 4.7 5.1 5.1 4.6 4.7 4.6 4.6

Italy 12.7 12.5 12.7 12.7 12.7 12.6 11.3 11.0 10.6 10.5 10.7 10.6

Japan 3.1 2.9 3.0 2.9 3.0 2.7 3.6 3.5 3.3 3.4 3.2 3.2

Korea 3.6 3.6 3.5 3.5 3.4 3.3 3.7 3.9 3.8 3.9 3.8 3.8

Latvia 8.6 9.1 8.7 8.6 8.8 8.8 11.1 10.7 10.4 10.4 10.4 10.3 Luxembourg 7.2 7.0 6.9 6.8 6.9 6.8 5.9 5.7 5.7 5.7 5.6 5.6

Mexico 4.5 4.2 4.0 4.0 4.0 3.8 4.2 4.0 3.9 4.0 3.9 3.8

Netherlands 7.3 6.9 6.7 6.7 6.6 6.5 6.6 6.1 5.9 5.9 5.7 5.6

New Zealand 5.9 5.7 5.4 4.9 4.8 4.7

Norway 4.0 4.0 4.0 4.0 4.1 4.7 5.2 5.4 5.4 5.5

Poland 7.7 6.7 6.5 6.5 6.5 6.4 7.4 6.3 6.1 6.1 6.0 5.9

Portugal 12.9 12.1 11.4 11.4 11.2 11.3 12.4 12.0 11.2 11.1 10.9 10.8 Slovak Republic 12.9 11.6 11.3 11.3 11.1 11.0 10.3 9.1 8.8 8.8 8.7 8.6 Slovenia 10.1 9.0 8.8 8.8 8.8 8.7 8.1 7.7 7.4 7.4 7.3 7.2 Spain 23.6 22.2 22.0 22.0 21.8 21.6 20.8 18.9 18.4 18.4 18.2 17.9

Sweden 7.2 6.6 6.5 7.0 6.0 6.7 7.5 7.5 7.2 7.3 7.2 7.3

Switzerland 4.6 4.9 4.7 4.5 5.3 3.9

Turkey (1) 12.7 12.3 12.5 9.2 8.9 9.0

United Kingdom 5.1 4.9 4.8 5.5 5.1 5.1

United States 5.2 4.9 4.9 4.7 4.9 4.7 5.4 4.9 4.9 4.7 4.9 5.0 Note:

(1) Following the changes introduced in the Labour Force Survey for Turkey, data from January 2014 onwards are not comparable with previous data. From this date, data by gender are OECD estimates.

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Table 3: Unemployment Rates by Age, s.a.

Percentage of corresponding active population

Youth (15-24) Prime-age and Older Workers (25+)

2015 2016 2016 2015 2016 2016

Q1 Q2 May Jun Jul Q1 Q2 May Jun Jul

OECD - Total 13.9 13.1 13.0 13.0 13.0 13.1 5.8 5.6 5.4 5.4 5.4 5.4 Major Seven 12.8 11.9 12.0 11.9 12.0 12.1 4.9 4.7 4.6 4.6 4.7 4.6 European Union 20.3 19.2 18.8 18.9 18.8 18.8 8.3 7.8 7.6 7.6 7.6 7.6 Euro area 22.4 21.6 21.1 21.1 21.1 21.1 9.8 9.3 9.1 9.0 9.1 9.0

Australia 13.1 12.3 12.6 12.5 13.1 13.2 4.6 4.5 4.4 4.4 4.3 4.2 Austria 10.6 11.4 10.9 11.1 11.3 11.3 5.0 5.2 5.3 5.4 5.4 5.2 Belgium 22.1 20.3 20.7 20.7 20.7 7.3 7.2 7.3 7.3 7.4 7.2 Canada 13.2 13.2 13.1 13.3 13.0 13.3 5.8 6.2 5.9 5.9 5.8 5.9 Chile 15.5 15.4 16.7 16.7 17.1 5.0 5.1 5.3 5.3 5.5 Czech Republic 12.6 10.1 10.8 10.8 11.5 11.4 4.5 3.8 3.6 3.6 3.7 3.7 Denmark 10.9 11.2 11.6 11.3 11.7 11.9 5.3 5.0 5.1 5.1 5.1 5.1 Estonia 13.4 14.7 14.1 14.1 15.8 5.6 5.6 6.0 5.9 6.2 Finland 22.0 21.7 21.8 21.8 21.7 21.7 7.6 7.5 7.4 7.4 7.4 7.4 France 24.7 24.7 24.3 24.3 24.5 24.4 8.9 8.7 8.5 8.4 8.6 8.9

Germany 7.2 7.3 7.3 7.3 7.3 7.2 4.4 4.0 3.9 3.9 3.9 3.9

Greece 49.8 50.8 50.3 23.4 22.6 22.0

Hungary 17.2 14.1 13.6 13.6 13.1 6.0 5.0 4.5 4.5 4.4

Iceland 8.8 6.6 6.0 5.9 5.9 5.9 3.0 2.4 2.3 2.3 2.2 2.2

Ireland 20.9 17.4 17.7 17.6 18.2 17.8 8.4 7.5 7.4 7.4 7.4 7.4

Israel 9.2 8.0 8.3 7.8 9.5 11.2 4.5 4.5 3.8 3.7 3.7 3.8

Italy 40.4 38.2 36.9 36.9 37.3 39.2 10.0 9.9

Japan 5.6 5.6 5.1 5.3 5.2 4.8 3.2 3.0 3.0 3.0 2.9 2.9

Korea 10.5 10.9 10.9 11.1 10.8 10.1 3.1 3.3 3.2 3.2 3.1 3.1 Latvia 16.3 16.6 18.6 18.9 18.8 17.5 9.3 9.3 8.8 8.7 8.8 8.9 Luxembourg 16.7 17.9 17.4 17.4 17.3 17.0 5.5 5.4 5.3 5.3 5.3 5.3

Mexico 8.7 8.2 7.9 7.9 7.8 7.7 3.4 3.2 3.1 3.2 3.1 3.0

Netherlands 11.3 11.3 11.0 11.1 10.8 10.8 6.1 5.6 5.4 5.4 5.3 5.2

New Zealand 13.7 13.3 12.6 3.8 3.6 3.6

Norway 9.9 11.3 11.4 11.5 11.0 3.5 3.7 3.7 3.7 3.9 Poland 20.8 18.2 17.2 17.2 17.0 16.6 6.4 5.4 5.3 5.3 5.3 5.2 Portugal 32.0 30.2 28.0 27.9 26.6 26.3 11.2 10.7 10.0 9.9 9.9 9.9 Slovak Republic 26.4 24.8 24.8 24.9 24.6 24.0 10.2 9.1 8.8 8.8 8.6 8.6 Slovenia 16.4 16.1 15.0 15.0 15.0 8.4 7.7 7.5 7.5 7.5 7.4 Spain 48.3 46.1 45.4 45.3 45.2 43.9 20.2 18.7 18.3 18.3 18.1 18.0 Sweden 20.2 19.4 18.5 20.1 17.0 20.2 5.6 5.3 5.2 5.3 5.1 5.3

Switzerland 8.6 8.2 6.8 4.0 4.6 3.9

Turkey (1) 18.6 18.0 18.3 8.6 8.4 8.5

United Kingdom 14.6 13.4 13.7 3.9 3.7 3.6 United States 11.6 10.4 10.6 10.4 10.7 10.8 4.3 4.1 4.0 3.8 4.0 4.0 Note:

(1) Following the changes introduced in the Labour Force Survey for Turkey, data from January 2014 onwards are not comparable with previous data.

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Table 4: Unemployment Levels, s.a.

Thousands of persons

2014 2015 2015 2016 2016

Q4 Q1 Q2 Apr May Jun Jul

OECD - Total 44,794 41,593 40,439 39,899 39,202 39,428 38,992 39,204 39,054 Major Seven 23,648 21,627 20,932 20,858 20,531 20,746 20,233 20,614 20,587 European Union 24,811 22,882 22,028 21,568 21,133 21,180 21,126 21,092 21,063 Euro area 18,640 17,454 16,917 16,645 16,356 16,392 16,326 16,350 16,307

Australia 744 760 734 736 727 725 725 731 725

Austria 245 252 259 266 270 261 273 275 270

Belgium 423 422 429 405 410 405 410 414 407

Canada 1,322 1,331 1,369 1,395 1,352 1,383 1,347 1,326 1,345

Chile 540 532 537 543 573 570 573 595

Czech Republic 324 268 239 224 216 214 214 221 222

Denmark 190 181 180 178 186 185 186 186 186

Estonia 50 42 43 44 46 44 46 49

Finland 232 252 252 246 243 243 243 242 242

France 3,035 3,057 3,012 3,010 2,934 2,909 2,917 2,976 3,059 Germany 2,090 1,950 1,883 1,843 1,825 1,826 1,825 1,823 1,816

Greece 1,274 1,197 1,174 1,154 1,126 1,123

Hungary 344 308 284 262 240 249 237 233

Iceland 9 8 7 6 6 6 6 6 6

Ireland 243 204 195 182 183 182 183 184 183

Israel 223 202 203 202 187 189 187 186 184

Italy 3,230 3,033 2,959 2,966 2,964 2,964 2,945 2,983 2,944 Japan 2,359 2,218 2,160 2,130 2,103 2,110 2,120 2,080 2,010

Korea 937 976 937 1,030 999 1,014 1,005 978 975

Latvia 108 98 98 99 95 95 94 95 94

Luxembourg 16 18 18 17 17 17 17 17 17

Mexico 2,511 2,306 2,323 2,200 2,123 2,126 2,155 2,088 2,056

Netherlands 660 614 600 576 561 572 560 550 541

New Zealand 131 134 125 132 131

Norway 96 121 128 131 132 129 131 135

Poland 1,567 1,304 1,229 1,120 1,079 1,084 1,082 1,072 1,056

Portugal 729 648 628 615 577 592 573 566 567

Slovak Republic 359 314 299 282 274 277 274 270 267

Slovenia 98 90 83 82 80 80 80 79 78

Spain 5,611 5,056 4,788 4,670 4,578 4,624 4,585 4,525 4,464

Sweden 411 387 371 372 360 354 377 348 369

Switzerland 215 219 229 249 208

Turkey (1) 2,860 3,054 3,117 3,017 2,981 3,082

United Kingdom 1,996 1,741 1,640 1,656 1,634 1,643 United States 9,616 8,296 7,909 7,857 7,713 7,920 7,436 7,783 7,770 Note:

(1) Following the changes introduced in the Labour Force Survey for Turkey, data from January 2014 onwards are not comparable with previous data.

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The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms

The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms

Compared to a year ago, the unemployment rate decreased in about three-quarters of OECD countries, with declines of one percentage point or more in Spain, the Slovak

The unemployment rate for youth rose by 0.2 percentage point to 15.0%, 2.3 percentage points below the peak recorded in October 2009 but 2.0 percentage points higher than in

The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of

The unemployment rate for youth was 1.0 percentage point below its peak, but remained 3.3 percentage points above its pre-crisis level and was about twice as high (at 16.3%) as

By contrast, the OECD unemployment rate for women was only 0.3 percentage point below its highest level of 8.2% reached in December 2012, having hovered around 8.0% since July

The OECD area unemployment rate for women (unchanged at 8.0%), remained slightly above that for men (up 0.1 percentage point from the previous month to 7.9%).. The rate for