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OECD unemployment rate falls in January for second consecutive month to 8.4%

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15/03/11 - In January 2011 the OECD area unemployment rate was 8.4%, down 0.1 percentage point from December. This was the second consecutive decrease, following a period of stability of around 8.5% through most of 2010 and a peak of 8.6% in November 2010. While diverging trends persist at the national level, several OECD countries registered slight falls in January. New February 2011 data show the unemployment rate for the United States down by 0.1 percentage point to 8.9% (the third consecutive decline), while the rate for Canada was stable at 7.8%.