PARIS: Unemployment in advanced countries rose slightly in February, the Organisation for Economic Co-operation and Development (OECD) said on Wednesday, a setback after recent falls.

Despite improvement in the general economic outlook for rich countries, the unemployment rate edged up by 0.1 percentage points to 7.6 per cent from the January level, said the OECD.

The increase – due largely to rises in the United States and some eurozone countries – came after three months of falls in the overall rate of unemployment in the 34 countries the OECD covers.

High rates of unemployment remain one of the main legacies of the financial and eurozone debt crises.

The OECD said there were 11.4 million more people unemployed in its member states than when the financial crisis began in July 2008.

That figure meant that the OECD area, grouping advanced democracies, had managed to reduce the total by 3.8m since the highest point in April 2010.

But it still left 46m people qualifying as unemployed, the Organisation for Economic Cooperation and Development said.

In the recovering United States, the unemployment rate rose by 0.1 points in February to 6.7pc, after falling for three months.

Opinion

Editorial

A new deal
Updated 16 Jun, 2026

A new deal

AFTER three and a half months of war between US-Israel and Iran and an acrimonious temporary ceasefire, a genuine...
Charter of economy
16 Jun, 2026

Charter of economy

NO one expected the PTI to accept the government’s invitation to sign a charter of economy; just as few expected...
Hostage seamen
16 Jun, 2026

Hostage seamen

SOME 50 days on, 11 Pakistani nationals are still in Somali pirates’ captivity. Their appeals to the Pakistani and...
Climate choices
Updated 15 Jun, 2026

Climate choices

The country is confronting increasingly volatile weather patterns with consequences for agriculture, infrastructure, public health and economic planning.
Brief opening
15 Jun, 2026

Brief opening

WE have been here before. Throughout the weekend, there was great anticipation that a tentative framework for peace...
Environmental disaster
15 Jun, 2026

Environmental disaster

IT was a heartbreaking sight. A recent news report in these pages carried a picture of a sea turtle lying half ...