Download the entire news release (graphs and tables included PDF) 9 Dec. 2020 - The OECD area unemployment rate continued to decline in October 2020, to 7.1%, from 7.3% in September, but remained about 2.0 percentage points above the level observed in February, before the COVID-19 pandemic hit the labour market. The unemployment rate represents the share of unemployed people in the labour force (employed + unemployed) within a given age group. Its overall score has increased by 1.6 points, led by an increase in the government integrity score. Economy Latest Trend Ranking; Composite leading indicator (CLI) Indicator 100.21 Amplitude adjusted Long-term average = 100 Dec-2020 Belgium Long-term average = 100 Household disposable income Indicator: 2.6 Net Annual growth rate (%) September, but remained about 2.0 percentage points above the level observed in February, before the COVID-19 pandemic hit the labour market. Unemployment, total (% of total labor force) (modeled ILO estimate) from The World Bank: Data. The employment rate as part of the Europe 2020 Strategy represents the share of persons employed in the population aged 20 to 64. This page in: ... Data retrieved in September 20, 2020. OECD Unemployment Rates October 2020 1. OECD unemployment rate falls to 7.1% in October 2020. Last Data 2019 2018; Growth GDP (%) Belgium: 2020-III-4,5: 1,7: 1,8: Euro area: 2020-III-4,3: 1,3: 1,9 Inflation should work out at only 0.4 % in 2020, primarily because of the fall in energy prices. Graph and download economic data for Harmonized Unemployment Rate: Total: All Persons for Belgium (LRHUTTTTBEM156S) from Jan 1983 to Oct 2020 about Belgium, harmonized, persons, unemployment, and rate. The . OECD areaunemployment rate continued to decline in October 2020, to 7.1%, from 7.3% in . Youth unemployment In October 2020, 3.115 million young persons (under 25) were unemployed in the EU, of whom 2.551 million were in the euro area.In October 2020, the youth unemployment rate was 17.5% in the EU and 18.0% in the euro area, up from 17.4% and 17.9% respectively in the previous month. [15] In subsequent months, the unemployment rate continued to fall to 6.9% in October. Find Out . Belgium Female Unemployment Rate is at 5.80%, compared to 6.20% last month and 4.70% last year. The latest projections for Belgium, published on 14 December 2020, were finalised on 25 November 2020. According to the BLS, U.S. unemployment came in at 10.2% for July 2020, falling month-over-month. Belgium’s economic freedom score is 68.9, making its economy the 48th freest in the 2020 Index. OECD unemployment rate falls to 7.1% in October 2020 . 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