• 14/03/2025 05:09

OECD unemployment falls to record low of 4.8% in January

Unemployment in the countries of the Organization for Economic Cooperation and Development fell to 4.8% in January, compared with 4.9% in the previous five months in a row, the OECD said in a report.

Безработица в ОЭСР в январе упала до исторического минимума в 4,8%

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Details

This level is a historical minimum, which was first recorded in March 2023.

In nineteen countries, unemployment in January remained unchanged from the previous month. An increase was noted in three countries, and a decrease in eleven.

Unemployment is below 3% in five countries (Japan, Israel, Mexico, Poland and the Czech Republic). Only Spain has a double-digit rate (10.7%).

The number of unemployed people in the OECD fell to 34.017 million in the month before last, compared with 34.346 million in December.

Unemployment among women fell to 5.1% from 5.2%, and among men to 4.6% from 4.7%. The rate among young people (aged 15 to 24) fell to 10.9% from 11% in December.

Established in 1961, the OECD is an organization of economically developed countries of the world, including 38 states.

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