OECD: Unemployment in the region remained stable at 5 per cent in September but rose to 11.5 per cent amongst young people

(Il Sole 24 Ore Radiocor) - The unemployment rate in the OECD remained stable at 5 per cent in September, but for young people it rose by 0.2 percentage points to 11.5 per cent, the highest level of 2026. The OECD highlights this, noting that across its 38 member countries, unemployment stood at 35.2 million people. The labour market situation, however, varies significantly between countries. Unemployment levels remained at or below 3 per cent in the Czech Republic, Israel, Japan, South Korea and Mexico. By contrast, Spain and Finland recorded unemployment rates of 10.3 per cent and 11 per cent respectively. As for the youth unemployment rate in OECD countries, the 11.5 per cent recorded in September is 7.3 percentage points higher than that of workers aged 25 and over, which remained stable at 4.2 per cent. Double-digit youth unemployment rates were recorded in 29 OECD countries in September (or in the latest available period), with levels exceeding 20 per cent in Chile, Estonia, Finland, France, Luxembourg, Spain and Sweden.

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