OECD unemployment stays steady in November

Unemployment among the Organisation for Economic Cooperation and Development (OECD) member states remained unchanged in November from October’s level of 8.6%.

According to the OECD, the rate has stayed stable at 8.5%-8.6% since February last year, despite diverging trends at the national level.

In America, new data shows that in December its unemployment rate fell 0.4 percentage points to 9.4%, while in Canada the rate stayed unchanged at 7.6%. (article continues below)

In November, Australia, Canada, Finland, Korea and Sweden registered small falls in unemployment rates. Austria, the Czech Republic, Denmark, France and Hungary all recorded rises.

There were 45.8m people out of work in OECD countries in November, down 0.3m from November 2009, but 1.5m higher than November 2007.