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OECD unemployment rate drops to 8.5% in December

15/02/11 - In December 2010 the OECD area unemployment rate was 8.5%, down 0.1 percentage point from November. The OECD rate (now including Chile, Estonia, Israel and Slovenia, the four countries that joined OECD in 2010) has been stable at around 8.5% since February 2010, despite diverging trends at the national level. New data show that the unemployment rate for the United States fell by 0.4 percentage point (the second consecutive decline) to 9.0% in January 2011, while the rate for Canada rose by 0.2 percentage point to 7.8%.