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The euro area unemployment rate rose by 0.1 percentage point (for the eighth consecutive month) to 10.8% in February, maintaining a record high since the start of the global financial crisis.
Unit labour costs (ULCs) in the OECD area rose by 0.5% in the fourth quarter of 2011, compared with 0.2 per cent in the previous quarter, according to early estimates. This pick up in ULCs mainly reflects higher labour compensation per unit of labour input.
The OECD area unemployment rate was 8.2% in January 2012, having remained broadly unchanged throughout 2011.
Women are still under-represented in top corporate jobs, despite efforts in many countries to promote their participation on boards, according to new OECD data.
The OECD area unemployment rate, unchanged at 8.2% December 2011, continued to show the stability seen throughout 2011.
The rate has hovered at this level since January 2011. However, stability at the aggregate level masks different national situations.
Unit labour costs (ULCs) in the OECD area fell 0.3% in the third quarter of 2011, according to early estimates.
The OECD area unemployment rate rose slightly, to 8.3% in October 2011, compared to 8.2% in September. The rate has hovered around this level since January 2011.
По мнению ОЭСР Российской Федерации, необходимо стимулировать процесс модернизации экономики для обеспечения долгосрочного развития страны и решения проблем, связанных с неравномерным распределением доходов.
The Russian Federation must further modernise its economy to meet long-term development and income inequality challenges, according to the OECD. A combination of sound macroeconomic management, improved business climate, effective social policies and greater energy efficiency is required.