International Unemployment Rates and Employment Indexes, Seasonally Adjusted

July 2014

11 September 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 July 2014, unemployment rates remained mixed in Europe and in countries outside of Europe. Unemployment decreased in Germany, the Netherlands, and Sweden, but increased in France and Italy.

Joblessness rose in the US after four straight months of steady or declining unemployment. Australia and Japan also saw the unemployment rate rise while in Canada it remained stable. While Japan’s unemployment rate remains the lowest of all countries compared and has largely been on a downward trend since September 2013, it has increased for the previous two consecutive months.  See Table 1 and Chart 3-4.

 

Employment trends in July 2014 were positive or steady with only Italy and France showing declines. In Germany, employment shows continued strength with the employment index (Jan 2007 =100) remaining stable or increasing each month since February 2012.  See Table 3 and Chart 5.

Labor market recovery in July was most robust in Sweden and the Netherlands, where declines in unemployment were coupled with employment growth.

 

 

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

(in percent)

 

 20122013July 2013May 2014June 2014July 2014Change from June 2014-July 2014
United States 8.1 7.4 7.3 6.3 6.1 6.2 0.1
Australia 5.2 5.6 5.6 5.9 6.0 6.4 0.4
Canada 6.3 6.1 6.3 6.0 6.1 6.1 0.0
France 9.9 10.4 10.0 9.8 9.8 9.9 0.1
Germany 5.5 5.3 5.3 5.1 5.0 4.9 -0.1
Italy 10.8 12.3 12.2 12.7 12.5 12.7 0.2
Japan 3.9 3.4 3.3 3.0 3.1 3.2 0.1
Netherlands 5.3 6.7 7.0 7.0 6.8 6.7 -0.1
Sweden 7.9 8.0 7.8 7.7 7.9 7.7 -0.2
United Kingdom 8.0 7.6 7.7 6.4 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 

 

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

(in percent)


 20122013July 2013May 2014June 2014July 2014Change from June 2014-July 2014
EU-28 10.4 10.8 10.9 10.3 10.2 10.2 0.0
Euro Area 11.3 12.0 11.9 11.6 11.5 11.5 0.0
Austria 4.3 4.9 4.9 5.0 5.0 4.9 -0.1
Belgium 7.6 8.4 8.5 8.5 8.5 8.5 0.0
Denmark 7.5 7.0 7.0 6.4 6.5 6.6 0.1
Finland 7.7 8.2 8.1 8.7 8.6 8.7 0.1
Greece 24.5 27.5 27.8 27.2 NA NA NA
Ireland 14.7 13.1 13.1 11.7 11.6 11.5 -0.1
Portugal 15.8 16.4 16.3 14.4 14.1 14.0 -0.1
Spain 24.8 26.1 26.2 24.7 24.6 24.5 -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


 20122013July 2013May 2014June 2014July 2014Change from June 2014-July 2014
                               2007 = 100                               January 2007 = 100  
United States 97.6 98.5 98.8 99.9 100.1 100.2 0.1
Australia 108.8 109.9 111.7 112.6 112.7 112.7 0.0
Canada 104.4 105.8 106.8 107.4 107.4 107.7 0.3
France 101.2 101.1 101.0 101.2 102.0 101.5 -0.5
Germany 105.4 106.5 107.9 108.1 108.1 108.1 0.0
Italy 98.5 96.6 97.2 96.9 97.1 96.9 -0.2
Japan 97.6 98.3 98.9 99.7 99.6 99.6 0.0
Netherlands 102.0 101.4 102.4 101.8 101.8 102.0 0.2
Sweden 102.5 103.5 104.4 105.6 105.3 105.7 0.4
United Kingdom 101.0 102.3 102.8 105.4 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, October 9 (Data for August 2014)
Thursday, November 13 (Data for September 2014)
Thursday, December 11 (Data for October 2014)

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