International Unemployment Rates and Employment Indexes, Seasonally Adjusted

August 2014

09 October 2014

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Monthly ILC reports will be discontinued; related data available via other programs   

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 August 2014, labor markets improved as unemployment rates decreased in Europe and countries outside of Europe. Among countries compared, only Sweden experienced an increase in joblessness.  Unemployment decreased in Germany, the Netherlands, and Italy, and remained steady in France. 

After four months of increasing or steady unemployment rates, Australia saw the largest month-on-month decline in the unemployment rate (from 6.4 to 6.1 percent) since August 2010.  Canada’s unemployment rate remained stable at 6.1 percent for a third month.  Both Japan and Germany experienced historic lows in joblessness. Germany’s unemployment rate fell to 4.9 percent and Japan to 2.9 percent, the lowest either country has experienced since the 1990s.  See Table 1 and Chart 3-4.

 

Employment trends in August 2014 were positive or steady with only Canada showing a decline. In Australia, the employment index (January 2007=100) increased from 112.8 to 114.0, showing continued strength in the job market.  Employment has been on an upward trend in Australia for eight consecutive months.  See Table 3 and Chart 5.

Although Sweden saw unemployment rise, the employment index increased from 105.7 to 106.2, well above pre-recession levels.

 

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

(in percent)

 

 20122013Aug. 2013June 2014July 2014Aug. 2014Change from July 2014-Aug. 2014
United States 8.1 7.4 7.2 6.1 6.2 6.1 -0.1
Australia 5.2 5.6 5.8 6.1 6.4 6.1 -0.3
Canada 6.3 6.1 6.0 6.1 6.1 6.1 0.0
France 9.9 10.4 9.9 10.1 10.2 10.2 0.0
Germany 5.5 5.3 5.3 5.0 5.0 4.9 -0.1
Italy 10.8 12.3 12.5 12.4 12.7 12.4 -0.3
Japan 3.9 3.4 3.5 3.1 3.2 2.9 -0.3
Netherlands 5.3 6.7 7.0 6.8 6.7 6.6 -0.1
Sweden 7.9 8.0 7.9 7.9 7.7 8.0 0.3
United Kingdom 8.0 7.6 7.6 6.2 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)


 20122013Aug. 2013June 2014July 2014Aug. 2014Change from July 2014-Aug. 2014
EU-28 10.4 10.8 10.8 10.2 10.2 10.1 -0.1
Euro Area 11.3 12.0 12 11.5 11.5 11.5 0.0
Austria 4.3 4.9 5.0 5.0 4.8 4.7 -0.1
Belgium 7.6 8.4 8.5 8.5 8.5 8.5 0.0
Denmark 7.5 7.0 7.2 6.5 6.6 6.7 0.1
Finland 7.7 8.2 8.1 8.6 8.6 8.6 0.0
Greece 24.5 27.5 27.8 27.0 NA NA NA
Ireland 14.7 13.1 12.8 11.6 11.5 11.4 -0.1
Portugal 15.8 16.4 16.1 14.1 14.0 14.0 0.0
Spain 24.8 26.1 26.1 24.6 24.5 24.4 -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


 20122013Aug. 2013June 2014July 2014Aug. 2014Change from July 2014-Aug. 2014
                               2007 = 100                               January 2007 = 100  
United States 97.6 98.5 98.7 100.1 100.2 100.2 0.0
Australia 108.8 109.9 111.5 112.8 112.8 114.0 1.2
Canada 104.4 105.8 107.1 107.4 107.7 107.6 -0.1
France 101.2 101.1 102.1 101.8 102.1 102.1 0.0
Germany 105.4 106.5 107.9 108.3 108.4 108.4 0.0
Italy 98.5 96.6 97.0 97.0 96.8 97.0 0.2
Japan 97.6 98.3 98.9 99.6 99.6 99.8 0.2
Netherlands 102.0 101.4 102.5 101.8 102.1 102.2 0.1
Sweden 102.5 103.5 103.9 105.4 105.7 106.2 0.5
United Kingdom 101.0 102.3 103.1 105.4 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 

 

International Unemployment Rates and Employment Indexes, 2014 Publication Schedule
Thursday, November 13 (Data for September 2014)
Thursday, December 11 (Data for October 2014)

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