OECD jobless rate stable at record low in February
The jobless rate in the Organization for Economic Cooperation and Development (OECD) area remained at a record low of 4.8% in February, the international group said on Thursday.
The number of unemployed people was broadly stable compared to a month earlier, 33.2 million in the OECD area, according to the Paris-based organization.
The OECD unemployment rates for women and men were unchanged at 5.1% and 4.6%, respectively.
The youth unemployment rate for people aged 15-24 fell to 10.7% in February compared to a month earlier.
The jobless rate was stable or declined in more than 70% of OECD countries, but was close to its lowest level in only seven countries, including Canada (5%), France (7%), and Germany (2.9%).
The figure dropped slightly to 3.5% in the US.
In February, the jobless rate in the euro area was also at a record low of 6.6%.