OECD unemployment rate steady at 8.7% in April
June 14th, 2010 - 4:41 pm ICT by BNO NewsPARIS (BNO NEWS) — The unemployment rate for the Organization for Economic Co-operation and Development (OECD) area was steady in April 2010 at 8.7%, unchanged from March, the international economic organization said on Monday.
“The general picture is of broad stability across OECD countries,” the organization said.
The May 2010 rate for Canada was 8.1%, unchanged from April. But the May rate for the United States, at 9.7%, fell by 0.2 percentage points from April, reflecting the hiring of temporary workers for the 2010 US Census.
The OECD unemployment rate remains at a level close to post-war highs. The countries with the highest rates across the OECD area in April were Spain (19.7%), the Slovak Republic (14.1%), Ireland (13.2%), Portugal (10.8%), Hungary (10.4%) and France (10.1%). The lowest rates were recorded in Korea (3.7%) and the Netherlands (4.1%).
In April 2010 the number of unemployed persons in the OECD stood at 46.5 million, 3.3 million higher than in April 2009.
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