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April 13, 2022
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Colombia was the second OECD country with the most unemployment in February

Colombia was the second OECD country with the most unemployment in February

The unemployment rate in the whole of the Organization for Economic Cooperation and Development (OECD) it fell in February, before any effects of the Ukraine war made themselves felt, to 5.2%, not only for the first time below the pre-crisis level of the covid, but the lowest since the statistical series began in 2001.

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The percentage of unemployed with respect to the active population was reduced by one tenth with respect to January and the number of people who did not have job It fell to 34.9 million, which means 700,000 less than when the covid crisis broke out (2020).

In February, the unemployment rate fell especially in relative terms in Canada (one point, at 5.5%), Greece (nine tenths, at 11.9%), South Korea (nine tenths, at 2.7%), Sweden (seven tenths, at 7.3%) and Turkey (five tenths, at 10.7%).

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It was also more moderately reduced in Spain (two tenths, to 12.6%) and in USA (two tenths, at 3.8%). In the euro zone, globally it decreased one tenth, to 6.8%.

On the contrary, increases were observed, especially in Colombia (three tenths, at 12.5%), Mexico (two tenths, to 3.7%) and Czech Republic (two tenths to 2.4%).

Colombia was, with that 12.5%, the second member of the organization with the highest unemployment, only surpassed by Spain (12.6%).

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In absolute terms, the countries with the most unemployed were USA (6.27 million), Colombia (2.98 million), Spain (2.92 million), France (2.25 million), Mexico (2.19 million) and Italy (2.12 million).

The OECD’s chief statistician, Paul Schreyer, assured that the fall in unemployment in February “is a continuation of a positive trend”, but warned that “with the increase in global uncertainty and geopolitical tensions, the situation must continue to be closely monitored“.

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EFE

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