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OECD unemployment rate stable at 8.2% in January 2012

13/03/2012 - The OECD area unemployment rate was 8.2% in January 2012, having remained broadly unchanged throughout 2011.

In the euro area, the unemployment rate rose by 0.1 percentage point to 10.7% in January, a record high since the start of the global financial crisis and following continuous increases since June 2011. Within the Euro area, the unemployment rates fell in Austria (to 4.0%) and the Slovak Republic (to 13.3%), remained stable in Finland (7.5%), Luxembourg (5.1%) and Slovenia (8.2%), while they rose in all other Euro area countries. The rate for Germany rose slightly to 5.8%, marking an end to the continued decline seen since April 2005. In Spain the rate now stands at 23.3%, the highest unemployment rate in the OECD area.