OECD unemployment rate at 5.2 pct in September

By Muhammed Ali Gurtas

ANKARA (AA) – The unemployment rate in the Organization for Economic Co-operation and Development (OECD) countries fell to 5.2 percent in September, the organization reported on Tuesday.

On a monthly basis, the OECD unemployment rate showed a 0.1 percentage point down, while the number of unemployed people totaled 33.1 million across the 36 member countries.

The highest figures were seen in Greece — 19 percent in July, the latest month available — and Spain with 14.9 percent, as the lowest figures were recorded in Czechia and Japan, 2.3 percent for both countries.

“The OECD unemployment rate for youth [people aged 15 to 24] remained stable at 11 percent in September, while the rate for people aged 25 and above declined by 0.1 percentage point to 4.5 percent, ” it said.

The organization also said the youth unemployment rate remained above 30 percent in Italy, Spain and Greece.

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