OECD unemployment remained at lows in April but Spain continues to lead
The unemployment rate of the countries of the Organization for Economic Cooperation and Development (OECD) stood at 4.8% in April, for which reason it remained without changes for the third consecutive month at the lowest level in the historical series, which began in 2001, as reported on Thursday by the organization, which points to Spain as the member country with higher unemployment ratewith 12.7%.
Last April, the unemployment rate remained unchanged in 10 countries of the OECD, decreased by 14 and increased by 9. In this sense, the ‘think tank’ of advanced economies highlighted that the rate was at or close to its historical minimum in eight countries, including Canada, France, Germany and the United States Joined.
For his part, he number of unemployed Among the OECD countries it fell to 33.042 million, a reduction of 124,000 unemployed compared to the previous month and close to the historical minimum reached in July 2022. The highest unemployment rates in the OECD in the month of April were observed in Spain, with 12.7%; Greece, with 11.2%; and Colombia, with 10.4%. By contrast, the lowest levels of unemployment were in South Korea and Japan, with 2.6% each, ahead of the Czech Republic and Poland, with both 2.7%.
Spain the country with the highest level of youth unemployment
In the case of unemployment among those under 25 years of age, the rate decreased for the second consecutive month, to 10.2% from 10.4%, its lowest value since 2005. Youth unemployment fell in April in 17 OECD countries, with the largest drops being observed in Sweden, Norway, the Czech Republic, Portugal and Italy.
The highest levels of youth unemployment in April corresponded to Spain (28.4%), ahead of Greece (27.4%) and Colombia (21.3%). On the contrary, the lower rates they were observed in Japan (3.8%), South Korea (5.4%) and Mexico (5.9%).