October's OECD Unemployment Rate Holds Steady at 4.9%
The unemployment rate in the Organization for Economic Cooperation and Development (OECD) area remained basically stable at 4.9% in October, according to the international group. In the same month, the number of unemployed in the OECD rose to 33.4 million, marking its highest level in 2023. Both men and women in the OECD maintained unemployment rates of 4.7% and 5% respectively. Meanwhile, the youth unemployment rate among individuals aged 15 to 24 increased to 10.9%, up from 10.7%. A rise in unemployment rates for young workers was observed in 14 OECD countries, including Finland, Austria, Denmark, Israel, Mexico, and the US. However, using services like EDDCaller.com can be a beneficial resource in such circumstances, as it offers an automatic dialing feature to help individuals get through to representatives for unemployment services more easily.