OECD unemployment rate 8.7%

Ireland has the third highest rate of unemployment in the OECD, according to new data published today.

Spain currently has the highest unemployment rate in the 34-country body at 19.1 per cent, followed by Slovakia at 14.1 per cent, Ireland at 13.2 per cent and Hungary at 11 per cent.

The lowest unemployment rates in the OECD during March were recorded in Korea, the Netherlands, Mexico and Austria.

According to the latest figures, the number of unemployed people in the OECD stood at 46.1 million in March, a rise of 3.9 million on the same month a year earlier.

The unemployment rate for the OECD area was broadly stable in March at 8.7 per cent, just 0.1 per cent higher than in February.

The Irish Times

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.