Tuesday, October 11, 2011

[IWS] OECD Unemployment Rate 8.2%--Harmonised Unemployment Rates (HURs), OECD - Updated: October 2011 [11 October 2011]

IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor----------------------
Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau


Organization for Economic Cooperation and Development (OECD)



Harmonised Unemployment Rates (HURs), OECD - Updated: October 2011 [11 October 2011]




[full-text, 3 pages]


The OECD area unemployment rate was steady at 8.2% in August 2011, unchanged from July. The rate has been stable at around 8.2% since January 2011. The Euro area unemployment rate was also unchanged at 10.0%, and has hovered around this level since November 2010.


Between July and August unemployment rates again displayed very little movement in most OECD countries. The highest rise was in Australia (up by 0.2 percentage point, to 5.3%) while the greatest fall was in Japan (down by 0.4 percentage point, to 4.3%).

New September 2011 data for the United States (unchanged at 9.1%) and Canada (down by 0.2 percentage point, to 7.1%) confirm this picture of broad stability in unemployment rates.


Countries where high unemployment rates persisted in August 2011 include Ireland (14.6%), Portugal (12.3%), the Slovak Republic (13.4%) and Spain (21.2%).


Around 44.3 million people were unemployed across the OECD area in August 2011, down 2.3 million from August 2010 but still 10.4 million higher than in August 2008.


AND MORE...including CHART & TABLES....


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Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
Telephone: (607) 262-6041               
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  



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