The unemployment landscape in the eurozone worsened slightly in May, diverging further from the overall rate of 8.0 percent in advanced countries, the OECD said on Tuesday. (Chosen excerpts by Job Market Monitor)
The rate in OECD countries was 8.0 percent in May for the third month running but in the eurozone it edged up to 12.2 percent, the highest level for about 20 years, the OECD said.
Overall, 48.5 million people were unemployed in the 34 OECD countries in May, regular monthly and harmonised OECD data showed.
This meant that 100,000 people had swelled the total of unemployed in the month, and that 13.8 million people had joined the mass of unemployed people since July 2008 when the financial crisis began.
The Organisation for Economic Cooperation and Development noted that the gap between the average OECD unemployment rate and the situation in the eurozone was widening, to 4.2 percentage points from 1.7 percentage points in July 2008.
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via Eurozone jobless rate worse than OECD average – FRANCE 24.
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