The unemployment rate for the OECD area fell slightly to 8.7% in January 2010, reflecting drops of 0.3 percentage points in the United States and Japan.
The latest figures for the United States show that the unemployment rate remained unchanged at 9.7% in February. Rates in the Euro area stabilized in January at 9.9% and in many countries, notably France and Italy, rates continued their recent upward trend.
In Canada, the unemployment rate was 8.3% in January 2010, 0.1% lower than in the previous month. The unemployment rate rose sharply in Korea, from 3.6 % in December last year to 4.8 % in January, as a result of a large rise in the labor force which, however, is likely to be temporary. In November 2009, the latest data available, the unemployment rate in the United Kingdom was 7.8%, the same as in the previous month.
In all OECD countries rates remained at higher levels than a year ago, varying from 0.3% higher in Australia to 4.4% in Ireland, with the OECD rate 1.4% higher.
to Daily News