The unemployment rate of the Organization for Economic Cooperation and Development (OECD) is located last December at 5.4%, compared to 5.5% the previous month, thus resulting in eight consecutive months of decline, as reported by the institution, which points to Spain as the country with the highest level of employment, with 13%.
In this way, the OECD unemployment rate in the last month of 2021 is only one tenth above the 5.3% registered in February 2020, the last month before the impact of the Covid-19 pandemic at a global level.
Of the 30 OECD members for which data was available, a total of 18 still registered an unemployment rate in December 2021 above that of February 2020, including the United States, the United Kingdom, Switzerland, Slovenia, Mexico, Japan, South Korea or Latvia.
On his side, among the dozen countries that had already managed to place their unemployment rate below that registered before the pandemic, in addition to Spain, there were other countries in the euro zone such as Portugal, the Netherlands, Luxembourg, Lithuania, Italy or France.
According to the 'think tank' of the advanced economies, the total number of unemployed in the OECD countries in December 2021 will be 36.059 million, which represents a reduction of 689.000 unemployed in one month, but still means that the figure of employees in more than half a million people to that of February 2020.
Among the OECD countries for which data was available, the highest unemployment rate in December corresponded to Spain, with 13%, ahead of 12,7% in Greece and 12,6% in Colombia. By contrast, the lowest unemployment levels among advanced economies are in the Czech Republic, at 2,1%, followed by Japan, at 2,7%, and Poland, at 2,9%. .
In the case of those under 25 years of age, the OECD unemployment rate spent 2021 at 11,5%, compared to 11,8% in November. The best figures for youth unemployment corresponded to Japan, with 5,2%, ahead of Germany, with 6,1%, and Israel, with 6,2%. At the opposite extreme, youth employment levels increased the most in Spain, at 30,6%, ahead of Greece, at 30,5%, and Italy, at 26,8%.
