Unemployment rate in the OECD falls further to 5.1% in March 2022

The unemployment rate in the OECD fell further to 5.1% in March 2022, from 5.2% in February. This represents a continuation of a positive trend for the OECD and the 11th consecutive month of falling or stable unemployment, keeping it below the pre-pandemic rate of 5.3% recorded in February 2020.
In the euro area, the unemployment rate decreased further to 6.8% in March from 6.9% in February, with the largest declines recorded in Austria, Italy and Latvia. By contrast, the largest increase was observed in Ireland and slight increases were also recorded in Greece, Portugal and Spain.