Spain once again leads the unemployment list of OECD countries, where it drops to 4.9%


The unemployment rate of the Organization for Economic Cooperation and Development (OECD) stood at 4.9% last September, in line with the figure for the previous month and one tenth above the all-time low of 4.8% recorded in July. Thus, in the third quarter of 2022, the OECD unemployment rate fell to 4.9% from 5% corresponding to the second quarter of the year. Spain leads the list of countries with the most unemployment of all those that are part of the registry.

In September, the number of unemployed among advanced economies was 33,007 million, which represents a reduction of 135,000 unemployed in one month, of which 10.988 million were in the eurozone. Among the OECD countries, the highest unemployment rates in September were registered in Spain (12.7%), ahead of Greece (11.8%) and Colombia (11.3%).

By contrast, the OECD countries with lower levels of unemployment they were the Czech Republic (2.2%), Japan (2.6%) and South Korea (2.8%). By gender, the unemployment rate for women in the OECD area remained at 5.1%, the same as for men, which remained at 4.7%. Regarding this, Spain recorded the second highest female unemployment rate (13.9%)behind Greece (16.1%) and the highest male, with 11%.

However, unemployment in the eurozone has fallen in the last month to a historical low of 6.6%. The drop in unemployment in the eurozone in a year-on-year comparison is more impressive, since in September 2021 unemployment stood at 7.3%, seven tenths more. Likewise, it was thus eight tenths below the level prior to the pandemic. In the European Union as a whole, the unemployment rate did not change between August and September, and remained at 6% in the ninth month of 2022.


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