OECD Unit labour costs stable in the third quarter of 2013
OECD unemployment rate stable at 7.9% in October 2013. Unchanged from the two previous months. Across the OECD area, 47.8 million persons were unemployed in October 2013, 13.1 million more than in July 2008.
The OECD unemployment rate was stable at 7.9% in September 2013. Across the OECD area, 47.9 million persons were unemployed, 0.1 million less than in August 2013, but still 13.2 million more than in July 2008.
The OECD area employment rate was 65.1% in the second quarter of 2013, 0.1 percentage point higher than in the previous quarter. This was still 1.4 percentage points below the level recorded in the second quarter of 2008, the quarter preceding the start of the global financial crisis.
The gap between rich and poor in OECD countries has reached its highest level for over over 30 years, and governments must act quickly to tackle inequality, according to a new OECD report.