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Unemployment is declining in OECD countries

Unemployment is declining in OECD countries

the Organization for Economic Cooperation and Development (Economic Cooperation Organization countries The unemployment rate averaged 4.9 percent in Aprilwhich was the same as in March, reads the Paris-based organization On his website.

The rate has been below 5 percent for two years, since April 2022. In April this year, unemployment rates remained stagnant in 25 OECD countries, falling in four and increasing in three. Compared to March, the number of unemployed decreased by 132,000 to 34,89,000 in April.

The unemployment rate among women fell to 5.1 percent from 5.2 percent in March, while it remained at 4.7 percent among men. In the case of young people (those aged 15 to 24 years), the rate fell to 10.8 percent compared to 10.9 percent in March.

The number of unemployed in OECD countries fell for the third year from last year, reaching an average of 33.23 million, the lowest since data was collected in 2001. In 2022, the average number of unemployed will reach 33.96 million. The unemployment rate reached 4.8 percent last year after it was 5 percent the previous year.

Last year, average unemployment among women fell to 5 percent from 5.3 percent in 2022, and among men it fell from 4.8 percent to 4.7 percent. The average unemployment rate among young people (ages 15 to 24) fell to 10.6 percent last year from 10.9 percent in 2022.

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