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The OECD unemployment rate was 7.9% in September 2012, broadly the same rate observed since January 2011.
The OECD area employment rate was 65.0% in the second quarter of 2012. This figure is 0.1 percentage point higher than in the previous quarter and 0.2 percentage point higher than one year ago.
Today many local communities are confronted with the challenge of reducing high and persistent unemployment and defining new sources of economic growth, all in the context of shrinking public resources. The event gathered representatives of ministries responsible for regional development and employment from Latvia, Lithuania and Estonia and selected OECD countries to exchange on approaches that work in addressing these challenges.
The OECD unemployment rate was at 7.9% in August 2012, broadly the same rate observed since January 2011.
Unit labour costs (ULCs) in the OECD area rose by 0.3% in the second quarter of 2012, driven by continued increases in labour compensation per unit of labour input.
The OECD LEED Trento Centre seeks to provide policy advice and develop capacities for the design and implementation of policies tailored to local needs.
The OECD unemployment rate increased slightly to 8.0% in July 2012 compared with 7.9% in the previous month.
OECD Secretary-General assesses the employment challenges facing Europe and the policy responses urgently needed to put the continent back on a path of jobs-rich growth, at the Employment Policy Conference in Brussels.
The OECD area employment rate - defined as the proportion of people of working age (those aged 15 to 64) who are employed - was 64.9% in the first quarter of 2012.
Governments should use every possible means at their disposal to help jobseekers, especially young people, by removing barriers to job creation and investing in their education and skills. The young are at most risk of long-term damage to their careers and livelihoods, said Angel Gurría.