The latest OECD report (an organization that brings together the 35 most economically developed countries) confirms that the international economic recovery is continuing and is resulting in a generalized drop in unemployment.
As a reminder, in France, unemployment has stabilized below 10%, more precisely at 9.2%. This is not yet a satisfactory result, but it indicates that the French economy is on the rise.
The unemployment rate in the OECD area was stable at 5.6% in November 2017. Overall, 35.1 million people were unemployed, 2.5 million more than in April 2008.
In the eurozone, the unemployment rate continued to decline (by 0.1 percentage points, to 8.7% in November), and the largest decreases (of 0.2 percentage points) were observed in Ireland (to 6.1%) and Portugal (to 8.2%).
Smaller decreases were recorded in Belgium (to 6.7%), France (to 9.2%), Germany (to 3.6%), Italy (to 11.0%), Latvia (to 8.1%), the Netherlands (to 4.4%), and the Slovak Republic (to 7.5%).
In November, the youth unemployment rate (ages 15-24) in the OECD area rose by 0.1 percentage points, to 11.9%. Conversely, in the eurozone, the youth unemployment rate decreased by 0.2 percentage points, to 18.2%, continuing its downward trend.
The OECD area unemployment rate for women (stable at 5.8%) remained slightly higher than that of men (down by 0.1 percentage points, to 5.4%).
