OECD unemployment rate at 8.0% in May 2013
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1 month. OECD unemployment rate at 8.0% in May 2013 The OECD unemployment rate was at 8.0% in May 2013, unchanged for the third consecutive In the euro area, the unemployment rate hit a new record high since the early 90 s - up 0.1 percentage point to 12.2% in May. The gap with the OECD average has considerably widened since the beginning of the global financial crisis, reaching more than.0 percentage points in May, as compared to 1.7 percentage points in July In May, the unemployment rate increased in the United States (by 0.1 percentage point to 7.6%) while it decreased in Canada (by 0.1 percentage point to 7.1%) and Mexico (by 0.1 percentage point to 5.1%) and was stable in Japan (at.1%). More recent data referring to the month of June show that the unemployment rate was stable in both the United States and Canada. Trends in unemployment rates since the beginning of the global financial crisis have differed across population groups. In May, the OECD unemployment rate for men (unchanged at 8.0%) was 0.9 percentage point below the peak of 8.9% reached in October By contrast, the OECD unemployment rate for women (down by 0.1 percentage point at 8.0%) was only 0.2 percentage point below its highest level of 8.2% reached in December 2012, having hovered around 8.0% since July In May 2013, the unemployment rates for men and women were, respectively, 2.1 and 2.0 percentage points above their precrisis level in July The OECD unemployment rate for youth (down by 0.1 percentage point at 16.3%) was 1.0 percentage point below the peak reached in October 2009, but remained 3.3 percentage points above its pre-crisis level. In May 2013, more than one active youth in three was unemployed in Italy, Portugal and Slovak Republic, and more than one in two in Greece and Spain. Overall, there were 8.5 million people unemployed in the OECD area in May 2013, 0.1 million more than in April and 13.8 million more than in July 2008., s.a Euro area Japan United States OECD Total Highest rate since Jul-08 May-13 Jul All persons Women Men Youth (15-2) 25+ Methodological Notes: All rates and levels quoted are seasonally adjusted (s.a.). New Labour Market Statistics: 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) or news.contact@oecd.org For technical questions contact stat.contact@oecd.org Next release: Tuesday, 10 September
2 Table 1: OECD Unemployment Rates, s.a. Percentage of active population Q2 Q3 Q Q1 Dec Jan Feb Mar Apr May OECD - Total Major Seven European Union Euro area Australia Austria Belgium Canada (1) Chile Czech Republic Denmark Estonia Finland France Germany Greece Hungary Iceland Ireland Israel Italy Japan Korea Luxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Slovenia Spain Sweden Switzerland Turkey United Kingdom United States (2) Notes: (1) Canada: Unemployment rate for June 2013 was 7.1% (2) United States: Unemployment rate for June 2013 was 7.6% 2
3 Table 2: Unemployment Rates by Gender, s.a. Percentage of corresponding active population Women Men Q Q1 Mar Apr May Q Q1 Mar Apr May OECD - Total Major Seven European Union Euro area Australia Austria Belgium Canada Chile Czech Republic Denmark Estonia Finland France Germany Greece Hungary Iceland Ireland Israel Italy Japan Korea Luxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Slovenia Spain Sweden Switzerland Turkey United Kingdom United States
4 Table 3: Unemployment Rates by Age, s.a. Percentage of corresponding active population Youth (15-2) Prime and Older Workers (25+) Q Q1 Mar Apr May Q Q1 Mar Apr May OECD - Total Major Seven European Union Euro area Australia Austria Belgium Canada Chile Czech Republic Denmark Estonia Finland France Germany Greece Hungary Iceland Ireland Israel Italy Japan Korea Luxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic Slovenia Spain Sweden Switzerland Turkey United Kingdom United States
5 Table : Unemployment Levels, s.a. Thousands of persons Q3 Q Q1 Feb Mar Apr May OECD - Total 7,278 7,833 7,899 8,27 8,63 8,682 8,283 8,380 8,518 Major Seven 28,097 27,309 27,189 27,085 27,180 27,229 26,802 26,762 26,892 European Union 23,10 25,260 25,78 25,965 26,23 26,31 26,3 26,507 26,522 Euro area 16,017 18,07 18,32 18,786 19,17 19,180 19,211 19,273 19,30 Australia Austria Belgium Canada 1,393 1,368 1,379 1,373 1,33 1,333 1,375 1,362 1,38 Chile Czech Republic Denmark Estonia Finland France 2,800 3,015 3,028 3,127 3,186 3,186 3,186 3,193 3,205 Germany 2,501 2,316 2,300 2,293 2,299 2,301 2,295 2,28 2,269 Greece 877 1,20 1,270 1,297 1,305 1,30 1,309 Hungary Iceland Ireland Israel Italy 2,103 2,76 2,762 2,91 3,06 3,062 3,06 3,08 3,10 Japan 3,018 2,88 2,803 2,750 2,767 2,80 2,670 2,710 2,700 Korea Luxembourg Mexico 2,50 2,96 2,50 2,532 2,521 2,77 2,86 2,620 2,65 Netherlands New Zealand Norway Poland 1,659 1,79 1,766 1,797 1,837 1,838 1,8 1,853 1,86 Portugal Slovak Republic Slovenia Spain,999 5,769 5,891 5,995 6,08 6,053 6,06 6,087 6,085 Sweden Switzerland Turkey 2,328 2,201 2,207 2,30 2,331 2,312 2,38 United Kingdom 2,53 2,511 2,80 2,63 2,86 2,75 2,70 United States 13,77 12,506 12,37 12,165 12,035 12,032 11,72 11,659 11,760 5
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