Economic news

Jobless rate for OECD countries returns to precrisis level of 5.6%

In October, the unemployment rate in the member countries of the Organization for Economic Cooperation and Development (OECD) dropped 0.1 percentage points to 5.6%, its lowest since the financial crisis.

In the euro area, the jobless rate in October fell to 8.8% from 8.9% in the previous month. At the same time, in the European Union the indicator also decreased by 0.1 percentage points. - up to 7,4%.

In the U.S., unemployment fell to 4.1% from 4.2% in September, in South Korea - to 3.6% from 3.7%. Meanwhile, in Japan the indicator remained stable – 2.8%.

In the Czech Republic, unemployment is at the lowest level among OECD countries - 2.7%, the highest rate recorded in Spain (16.7%).

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