Joblessness rate declines in OECD in Oct.| MENAFN.COM

Wednesday, 19 January 2022 07:58 GMT

Joblessness rate declines in OECD in Oct.


(MENAFN) The joblessness volume in the Organization of Economic Cooperation and Development (OECD) area plummeted to 5.7 percent for six months in a row in October from 5.8 percent the prior month.

The OECD added the volume reached 0.5 percentage point above the pre-epidemic level.

The organization also declared "The number of unemployed workers across the OECD area also continued to fall (by 0.2 million), reaching 38.3 million, still 2.8 million above the pre-pandemic level" and the volume was steady among women at 6 percent, and fell among men from 5.6 percent to 5.5 percent in October against September.

Moreover, it stated "Unemployment also declined slightly among prime age and older workers aged 25 and above (down to 4.9 percent, from 5.0 percent in September), but edged up among younger people aged 15 to 24 (up to 12.1 percent, from 12.0 percent)."

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