International Unemployment Rates and Employment Indexes, Seasonally Adjusted

October 2014

11 December 2014

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Beginning October 1, The Conference Board will no longer issue monthly International Labor Comparisons (ILC) reports on consumer prices and employment. This step will allow The Conference Board to dedicate more resources to continuing and strengthening of the annual ILC reports on labor compensation, productivity and competitiveness. The underlying data tables on monthly consumer prices and employment will continue to be published on this site and on Monthly International Indexes of Consumer Prices through December 2014 (see schedule through December). Beginning January 1, 2015, related data series will be available via the Business Cycle Indicators program on a subscription basis. Historical monthly and annual datasets, will remain publicly available on The Conference Board website.

 

In October 2014unemployment rate trends remained mixed in Europe and in countries outside of Europe. Italy and Sweden experienced an increase in joblessness while the United States, Germany and Canada saw a decline in unemployment. 

Italy’s increase in unemployment (from 13.0 to 13.4 percent) was both the largest among countries compared in October and the largest for the country since January 2013. Joblessness in the United States fell for the third consecutive month to 5.8 percent, the lowest level since July 2008.   See Table 1 and Chart 3-4.

 

Employment trends in October 2014 were mixed as well. Employment increased in the United States, the Netherlands, Australia and Canada and decreased in Japan, France, Italy and Sweden. Sweden experienced the largest October decline in the employment index (January 2007 = 100), from 106.4 to 105.7, the largest drop in Sweden since November 2013.  See Table 3 and Chart 5.

Although unemployment in Japan (3.0 percent) was near historic lows, it remained one of two countries compared (along with Italy) with below pre-recession levels of employment. The employment index in Japan dropped in October from 99.8 to 99.6.

 

Table 1. Unemployment rates adjusted to US concepts, seasonally adjusted

(in percent)

 

 20122013Oct. 2013Aug. 2014Sept. 2014Oct. 2014Change from Sept. 2014-Oct. 2014
United States 8.1 7.4 7.2 6.1 5.9 5.8 -0.1
Australia 5.2 5.6 5.7 6.1 6.2 6.2 0.0
Canada 6.3 6.1 6.1 6.1 5.9 5.6 -0.3
France 9.9 10.4 9.8 10.0 10.0 10.0 0.0
Germany 5.5 5.3 5.2 5.1 5.1 5.0 -0.1
Italy 10.8 12.3 12.4 12.8 13.0 13.4 0.4
Japan 3.9 3.4 3.4 2.9 3.0 3.0 0.0
Netherlands 5.3 6.7 7.0 6.6 6.5 6.5 0.0
Sweden 7.9 8.0 7.7 8.0 7.7 8.0 0.3
United Kingdom 8.0 7.6 7.2 6.0 NA NA NA
Notes:
(1) For Japan, 2011 data are partially based on estimates from the Statistics Bureau of Japan for areas affected by the March 11, 2011 earthquake.
NA means data not available.
See technical notes for information on sources and methods.
Source: The Conference Board, International Labor Comparisons program 

 

Table 2. Unemployment rates unadjusted by The Conference Board, seasonally adjusted

(in percent)


 20122013Oct. 2013Aug. 2014Sept. 2014Oct. 2014Change from Sept. 2014-Oct. 2014
EU-28 10.5 10.8 10.7 10.1 10.0 10.0 0.0
Euro Area 11.3 12.0 11.9 11.5 11.5 11.5 0.0
Austria 4.3 4.9 5.0 5.0 5.1 5.1 0.0
Belgium 7.6 8.4 8.5 8.5 8.5 8.6 0.1
Denmark 7.5 7.0 6.8 6.5 6.5 6.4 -0.1
Finland 7.7 8.2 8.3 8.6 8.8 8.9 0.1
Greece 24.5 27.5 27.8 25.9 NA NA NA
Ireland 14.7 13.1 12.4 11.2 11.1 10.9 -0.2
Portugal 15.8 16.4 15.6 13.5 13.3 13.4 0.1
Spain 24.8 26.1 26.0 24.2 24.1 24.0 -0.1
Note:
(1) The European Union-28 (EU-28) refers to the EU member countries as of July 1, 2013.
(2) The Euro Area refers to the EU member countries that adopted the euro as a common currency.
NA means data not available.
See technical notes for information on sources and methods.
Source: Statistical Office of the European Communities (EUROSTAT)

TABLE 3. Employment indexes adjusted to US concepts, seasonally adjusted


 20122013Oct. 2013Aug. 2014Sept. 2014Oct. 2014Change from Sept. 2014-Oct. 2014
                               2007 = 100                               January 2007 = 100  
United States 97.6 98.5 98.3 100.2 100.4 100.9 0.5
Australia 108.8 109.9 112.0 113.0 112.7 113.0 0.3
Canada 104.4 105.8 107.1 107.6 108.0 108.3 0.3
France 101.2 101.1 101.7 102.4 102.4 102.1 -0.3
Germany 105.4 106.5 107.9 108.5 108.6 108.6 0.0
Italy 98.5 96.6 96.9 96.9 97.2 96.9 -0.3
Japan 97.6 98.3 99.2 99.8 99.8 99.6 -0.2
Netherlands 102.0 101.4 102.8 102.3 102.3 102.8 0.5
Sweden 102.5 103.5 105.2 106.2 106.4 105.7 -0.7
United Kingdom 101.0 102.3 103.8 105.6 NA NA NA
Notes:
(1) For Japan, 2011 data are partially based on estimates from the Statistics Bureau of Japan for areas affected by the March 11, 2011 earthquake.
NA means data not available.
See technical notes for information on sources and methods.
Source: The Conference Board, International Labor Comparisons program 

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