The U.S. economy may have fared better than others over the last five years despite finding itself at the center of the 2008 financial crisis, but data from the OECD show the country's job market performed as badly as Iceland and Portugal.
"There have been large disparities in the evolution of employment rates across OECD countries since the start of the crisis," said the Organization for Economic Cooperation and Development on Thursday.
"Since the second quarter of 2008, the employment rate has declined by around 2 percentage points in Estonia, the euro area, New Zealand, Norway and Slovenia, by more than 4 percentage points in Denmark, Iceland, Portugal, and the United States," it said. (Related: Unfilled US Jobs)
Across the OECD, which represents the major economies of Europe and the Americas, 64.9 percent of the working population aged between 15 and 64 are currently in employment, 1.6 percent lower than the second quarter of 2008, the OECD said in its report.
The worst performing job markets will come as no surprise, with Ireland, Greece and Spain's employment rate falling by over 8 percent.
The three countries that have seen employment growth are Turkey, Germany and resource- rich Chile, according to the OECD, which says men and the young have been the hardest hit.
"In virtually all OECD countries, the job crisis continues to affect men more severely than women, and young people (aged 15 to 24) more than prime age workers (those aged 25 to 54)," it said.
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