Unemployment: International Comparisons: Data on harmonised unemployment rates for major international economies.

The OECD produces harmonised unemployment rates for OECD members based on the ILO definition of unemployment.

The UK harmonised unemployment rate for Q1 2019 was 3.9%. This was slightly above the rate of the US (3.8%), below that of France (7.7%) but above that of Germany (3.5%). The UK rate was the 13th lowest of the 36 OECD member countries.

The unemployment rate for the Eurozone fell from 7.4% to 7.2% in Q1 2020, while in the G7 increased from 4.2% to 4.3%.

Some countries have seen a large rise in their unemployment rates due to the coronavirus pandemic. In May 2020, the unemployment rate for the G7 was 8.7%, compared to 4.6% in March 2020, although it has only increased in the Eurozone from 7.1% to 7.4%.

Greece had the highest unemployment rate out of the OECD member states for Q1 2020 (15.5%) followed by Spain at 14.0%. The Czech Republic had the lowest unemployment rate in the OECD at 2.0%.

Youth (aged 15-24) unemployment is a major issue in many developed economies at present. In Q1 2020 youth unemployment was 32.9% in Greece, 32.2% in Spain and 27.9% in Italy. UK youth unemployment stood at 11.6%.