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The OECD harmonised unemployment rates (seasonally adjusted) give the numbers of unemployed persons as a percentage of the civilian labour force. Civilian labour force being the sum of unemployed persons and civilian employed persons. The definition of employment and unemployment conforms with the definition adopted by the 13th Conference of Labour Statisticians (generally referred to as the ILO guidelines) with the exception that
Unit labour costs (ULCs) in the OECD area rose by 0.2% in the third quarter of 2012, driven by continued increases in labour compensation per unit of labour input.
The OECD unemployment rate rose by 0.1 percentage point to 8.0% in October 2012 compared to the previous month.
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.
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 unemployment rate increased slightly to 8.0% in July 2012 compared with 7.9% in the previous month.
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.
The OECD area unemployment rate was unchanged at 7.9% in May 2012 compared with the previous month. While the rate has hovered around this level since January 2011, it remains 2.1 percentage points higher than the level recorded four years earlier.