The unemployment rate in the OECD area was 4.8% in March 2023.

[unemployment rate in OECD region is 4.8% in March 2023] the Organization for Economic Cooperation and Development (OECD) released a report saying that the unemployment rate in the OECD region was 4.8% in March 2023. Of these, the monthly unemployment rate in March 2023 was the same as the previous month, while the unemployment rate decreased in 14 countries, increased in 5 countries, and was at or near the lowest level in 8 countries. Cumulative unemployment fell slightly to 33.1 million, close to the lowest level recorded in July 2022. According to the report, the unemployment rate of youth (aged 15 to 24) in the OECD region fell to 10.5 per cent in March 2023, the lowest level recorded in July 2022 since 2005. Among them, Austria, Denmark, Greece, Latvia and Sweden had the largest decline in youth unemployment.