Sunday , June 13, 2021 |   05:43:49 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
 
TII SEARCH
 
 
   
Home >> News Brief
 

OECD unemployment rate rises slightly in April to 6.6%
By TII News Service
Jun 09, 2021 , Paris

    

THE unemployment rate in the Organisation for Economic Cooperation and Development (OECD) countries increased marginally by 0.1 per cent over a month to reach 6.6 per cent in April.

This marked the first monthly increase since the April, 2020 peak (at 8.8 per cent) and was also 1.3 per cent above the pre-pandemic month of February, 2020.

The number of unemployed workers across the OECD area rose by 700,000 in April, reaching 43.8 million in total, despite some recovery seen on the back of vaccination drives.

The OECD noted that some care is needed in interpreting the fall in the OECD area unemployment rate, as this largely reflects the return of temporary laid-off workers in the US and Canada, where they are recorded as unemployed.

In Europe, a marginal decline of the unemployment rate was recorded to 8 per cent, but it remained 0.7 per cent above its pre-pandemic level.

Outside Europe, the unemployment rate increased in several countries including by 1.2 per cent in Colombia (to 15 per cent), 0.6 per cent in Canada (to 8.1 per cent) and Mexico (to 4.9 per cent), 0.2 per cent in Japan (to 2.8 per cent) and 0.1 per cent in the US (to 6.1 per cent).

By contrast, the unemployment rate declined in Australia to 5.5 per cent and reached 3.7 per cent in Korea.

"More recent data show that the unemployment rate increased marginally in Canada to 8.2 per cent while it fell by 0.3 percentage point in the US to 5.8 per cent in May," the OECD said.

The OECD women’s unemployment rate was stable in April at 6.7 per cent, while that of men increased marginally to 6.5 per cent. As a consequence, the gap between these two rates has continued to narrow, to less than 0.2 percentage point, well below the peak reached in April, 2020 of 0.9 percentage point.

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model Taxation
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • INTELLECTUAL PROPERTY
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2020 | Privacy Policy | Taxindiainternational.com Pvt.Ltd. All rights reserved.