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The OECD area unemployment rate was unchanged at 7.9% in April 2012, around the same rate observed since January 2011, but 2.3 percentage points higher than the level recorded four years earlier. Differences in unemployment rates across OECD countries remain large.
The OECD area unemployment rate was stable at 8.2% in March 2012, the same level recorded since February 2011. This flatness is largely the result of increasing rates in some euro area countries being offset by declines in North America.
The OECD area employment rate was 64.9% in the fourth quarter of 2011, according to new quarterly labour market statistics from the OECD.
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.