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The OECD area unemployment rate was steady at 8.2% in August 2011, unchanged from July. The rate has been stable at around 8.2% since January 2011.
Composite leading indicators (CLIs) for August 2011, designed to anticipate turning points in economic activity relative to trend, continue to point to a slowdown in economic activity in most OECD countries and major non-member economies.
Real GDP in the OECD area grew by 0.3% in the second quarter of 2011. Gross fixed investment was the main contributor, adding 0.2 percentage point to overall growth.
Joint communiqué by Federal Chancellor Angela Merkel, OECD , WTO , ILO , IMF and World Bank Group.
OECD/AJEF workshop for journalists to discuss banking sector reform ahead of the G20 Finance Ministers Meeting, 14-15 October: « How can we regulate the banking system and strengthen it? »
Governments and taxpayers spent about half a trillion dollars last year supporting the production and consumption of fossil fuels. Removing inefficient subsidies would raise national revenues and reduce greenhouse-gas emissions, according to OECD and IEA analyses.
Consumer prices in the OECD area rose by 3.2% in the year to August 2011, compared with 3.1% in the year to July.
Investments in well-designed, multi-purpose local education facilities serve as a visible commitment to the community and a cost-effective way to revitalise local economies.
"200 million people are out of work worldwide, close to the peak recorded at the depth of the Great Recession" warn OECD and ILO at the G20 Labour and Employment Ministers meet in Paris.
Development aid has increased from USD 37 billion in 1960 to 128 billion last year. However, poor co-ordination and unpredictable aid waste funds that should be eradicating poverty in the world’s poorest countries.