OECD jobless rate remains at record low in January

OECD jobless rate remains at record low in January

Number of unemployed people decreases to 33.2M in OECD area

By Tuba Sahin

ANKARA (AA) - The jobless rate in the Organization for Economic Cooperation and Development (OECD) area remained at a record low of 4.9% for the seventh consecutive month in January, the international group said on Tuesday.

The number of unemployed people fell to 33.2 million in the OECD area, according to the Paris-based organization.

The OECD unemployment rate for women dropped slightly from 5.2% in December 2022 to 5.1% in January.

The youth unemployment rate for people aged 15-24 was stable at 10.9% in January compared to a month earlier.

In the EU and the euro area, the jobless rate also remained at record lows of 6.1% and 6.7%, respectively.

The largest decline was seen in Greece, where the unemployment rate reached a 13-year low, while Lithuania and Portugal recorded marked hikes in the 27-member bloc.

Outside Europe, the headline figure decreased in South Korea and Türkiye but increased in Australia and New Zealand.

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