The Organization for Economic Cooperation and Development (OECD) reported on Wednesday that the unemployment rate in their area had remained at a historic low of 4.8% in July. This marked the 13th consecutive month at this record-low level, according to the international organization.
The number of jobless people increased to 32.9 million in July, according to the Paris-based organization.

The OECD unemployment rates for women and men were broadly stable at 5% and 4.6%, respectively.

The youth unemployment rate for people aged 15-24 ticked up to 10.5% in July, from 10.3% in June.

The unemployment rate for younger workers rose in 14 OECD countries, with the largest increases seen in Finland, Austria, Denmark, Israel, Mexico, and the US.

In April, the jobless rate in the euro area remained at historic low of 6.4%.