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Unemployment rate continues to be acute in Spain and Ireland
By TII News Service
Jul 14, 2011 , Paris |
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AS per the latest OECD data, the unemployment
rate in the OECD area continues to be
8.1% in May, unchanged
for the third consecutive month. The Euro area unemployment rate was also
stable at 9.9% for the third consecutive month.
Most OECD countries confirm the general pattern of steady or falling unemployment
rates although Austria, Belgium, Denmark, Italy, Luxembourg, Spain, Sweden
and the United States recorded small increases in their May unemployment
rates. New June 2011 data for the United States show a further rise of 0.1
percentage point to 9.2%.
Countries experiencing continuously high unemployment rates include Ireland
(14.0%), Portugal (12.4%), the Slovak Republic (13.3%) and Spain (20.9%).
There were 44.0 million unemployed persons in OECD countries in May 2011,
down 2.8 million from May 2010 but still 12.0 million higher than
in May 2008.
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