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OECD composite leading indicators (CLIs) for August 2009 continue to point to recovery in all major economies with CLIs for France and Italy pointing to a potential expansion
Assessing the progress and failings of our societies requires a far broader set of measures than just economic indicators.
The unemployment rate for the OECD area was 8.5% in July 2009, the same as the previous month and 2.4 percentage points higher than a year earlier.
The OECD is ready to play a key role in helping to implement the recommendations of a commission of international experts on new ways of measuring well-being and progress, OECD Secretary-General Angel Gurría said.
OECD composite leading indicators (CLIs) for July 2009 show stronger signs of recovery in most of the OECD economies.
Gross domestic product (GDP) in the OECD area stabilised in the second quarter of 2009 (minus 0.002%), according to preliminary estimates, following a fall of 2.1% in the previous quarter.
Unit labour cost growth for the total economy remained largely steady for most OECD countries in the first quarter of 2009 as sharp falls in real output (gross domestic product at constant prices) due to the economic crisis were mostly offset by lower total labour costs.