PARIS, Oct 9 (AFP): Improvement in the jobs market appears to have stalled in recent months, according to data released on Thursday, amid rising concern of a slowdown in the global economy.
While the unemployment rate in the 34 advanced nations in the OECD dipped by 0.1 points to 7.3 percent in August, there has not been significant improvement since the beginning of the year.
The OECD unemployment rate was 7.7 percent in the final quarter of last year.
The International Monetary Fund warned of stagnation in advanced economies on Tuesday when it trimmed its growth forecast for the whole world by 0.1 percentage point to 3.3 percent.
After a drop from 6.7 percent to 6.3 percent in April, the US jobless rate has improved only to 6.1 percent in August, according to OECD harmonised data for international comparison.
The situation is similar for the eurozone, where the jobless rate has been stuck at 11.5 percent for several months after coming down slightly from 11.9 percent in the beginning of the year.
Global jobs market hits soft spot
FE Team | Published: October 10, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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