Image of unemployed workers
Losing your job and workers or employees out of work as a jobless rate and economic crisis symbol in a 3D illustration style

The jobless rate remained stable in September, according to new data from the Organization for Economic Cooperation and Development (OECD).

The Paris-based group reported that the overall OECD unemployment rate was unchanged at 4.8% in September, as jobless rates stayed flat in 11 countries, declined in six markets and rose in 16 countries.

“More recent data show that the unemployment rate rose in Canada and the U.S. in October, reaching 5.7% and 3.9% respectively,” it noted.

In Europe, the jobless rate was flat or increased throughout the region in September, the OECD reported — except in Greece, where the rate declined to 10% in the month.

For the Euro area overall, the unemployment rate “has hovered around 6.5% since February 2023,” it said.

While jobless rates were broadly stable, the number of unemployed workers in the OECD increased to 33.3 million in September, which the OECD noted marked the highest level in 2023.