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OECD Unemployment Constant At 7.9 Percent In September

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Hira Shahnawaz Akhtar
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The Organization for Economic Co-operation and Development (OECD) reported a 7.9% unemployment rate for the month of September 2013, unchanged from previous monthly levels. OECD unemployment in absolute numbers stood at 47.9 million persons, 0.1 million less than August 2013 levels.

OECD unemployment

However, unemployment among the developed nations has grown exponentially in recent years. In July 2008, unemployment across the OECD area stood at a mere 34.7 million persons, a 38% increase over the past five years.

Figure 1: OECD Unemployment Rates

OECD
Source: Organization for Economic Co-operation and Development (OECD)

Problems across Europe and other areas

The unemployment rate...

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.