Unemployment in the OECD fell to 5.5 percent

By: Trademagazin editor Date: 2022. 01. 18. 11:14

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Unemployment in the Organization for Economic Co-operation and Development (OECD) fell to an average of 5.5 percent in November last year from 5.7 percent in October, the rate has fallen for the seventh consecutive month.

Unemployment in OECD countries continues to fall

At the same time, the November indicator was still 0.2 percentage points above the level before the start of the coronavirus pandemic, which had a negative impact on the labor market in February 2020, the organization said in a statement.

The number of unemployed in OECD countries fell by 1.1 million to 36.9 million in November, but was 1.5 million above pre-pandemic levels. (MTI)