Back to top

Unemployment rate in the OECD falls further to 5.1% in March 2022

The unemployment rate in the OECD fell further to 5.1% in March 2022, from 5.2% in February. This represents a continuation of a positive trend for the OECD and the 11th consecutive month of falling or stable unemployment, keeping it below the pre-pandemic rate of 5.3% recorded in February 2020.
In the euro area, the unemployment rate decreased further to 6.8% in March from 6.9% in February, with the largest declines recorded in Austria, Italy and Latvia. By contrast, the largest increase was observed in Ireland and slight increases were also recorded in Greece, Portugal and Spain.

OECD, 11 May 2022