International Unemployment Rates and Employment Indexes, Seasonally Adjusted

June 2014

07 August 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.

Unemployment rate trends in June 2014 were mixed both in Europe and in economies outside of Europe. Unemployment decreased in Italy and the Netherlands, remained steady in Germany, and increased in France and Sweden. In Germany, month-on-month unemployment has held steady or declined for the last 5 years, falling from 8.0 percent in June 2009 to 5.1 percent in June 2014.


Joblessness continued to fall in the US, but rose in Canada and Japan. In Japan, despite having the largest June increase in unemployment (along with Sweden), joblessness (3.3 percent) remains the lowest of all economies compared. See Table 1 and Chart 3-4.

 

Employment trends in June 2014 were also mixed across the countries compared. Employment increased in three economies, remained stable in three, and declined in three. In the US, the employment index (January 2007=100) increased from 99.9 to 100.1, signaling a return to pre-recession employment levels for the first time since April 2008.
Labor market recovery in June was most robust in the US and Italy, where declines in unemployment were coupled with gains in employment. See Table 3 and Chart 5.

 

 

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

(in percent)

 

 20112012June 2013Apr. 2014May 2014June 2014Change from May 2014-June 2014
United States 8.9 8.1 7.5 6.3 6.3 6.1 -0.2
Australia 5.1 5.2 5.7 5.8 5.9 6.0 0.1
Canada 6.5 6.3 6.2 6.0 6.0 6.1 0.1
France 9.3 10.0 10.0 9.7 9.7 9.8 0.1
Germany 5.9 5.5 5.3 5.2 5.1 5.1 0.0
Italy 8.5 10.8 12.4 12.6 12.8 12.5 -0.3
Japan 4.2 3.9 3.5 3.2 3.1 3.3 0.2
Netherlands 4.5 5.3 6.9 7.2 7.0 6.8 -0.2
Sweden 7.7 7.9 8.0 8.0 7.7 7.9 0.2
United Kingdom 8.1 8.0 7.7 6.5 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)


 20112012June 2013Apr. 2014May 2014June 2014Change from May 2014-June 2014
EU-28 9.6 10.4 10.9 10.3 10.3 10.2 -0.1
Euro Area 10.1 11.3 12.0 11.6 11.6 11.5 -0.1
Austria 4.2 4.3 4.7 4.8 4.9 5.0 0.1
Belgium 7.2 7.6 8.4 8.5 8.5 8.5 0.0
Denmark 7.6 7.5 6.8 6.4 6.4 6.5 0.1
Finland 7.8 7.7 8.1 8.5 8.7 8.8 0.1
Greece 17.9 24.5 27.6 27.3 NA NA NA
Ireland 14.7 14.7 13.6 11.9 11.9 11.8 -0.1
Portugal 12.9 15.8 16.6 14.6 14.3 14.1 -0.2
Spain 21.4 24.8 26.2 24.9 24.7 24.5 -0.2
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


 20112012June 2013Apr. 2014May 2014June 2014Change from May 2014-June 2014
                               2007 = 100                               January 2007 = 100  
United States 95.8 97.6 98.7 99.8 99.9 100.1 0.2
Australia 107.7 108.7 111.8 112.6 112.6 112.8 0.2
Canada 103.2 104.4 106.9 107.3 107.4 107.4 0.0
France 101.1 101.3 101.6 101.6 101.8 101.3 -0.5
Germany 104.7 105.6 107.9 108.2 108.2 108.2 0.0
Italy 99.0 98.5 97.1 96.6 96.8 97.0 0.2
Japan 97.9 97.6 98.8 99.1 99.7 99.6 -0.1
Netherlands 98.9 99.6 102.6 101.5 101.8 101.8 0.0
Sweden 101.9 102.5 104.0 105.0 105.5 105.3 -0.2
United Kingdom 99.8 101.0 102.7 105.5 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, September 11 (Data for July 2014)
Thursday, October 9 (Data for August 2014)
Thursday, November 13 (Data for September 2014)
Thursday, December 11 (Data for October 2014)

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