June 16, 2011
Although in April the unemployment rate in the country was 5.2% it is still among the lowest in the organization. The Organization for Economic Cooperation and Development (OECD) reports that the unemployment rate for all 34 member nations was 8.1 percent in April after the previous month was 8.2 percent.
This fact explained in the report show a continuation of steady decline in the unemployment rate observed since October 2010. The highlights show that since the beginning of the financial crisis in 2007, unemployment rates show a pattern of decline in most OECD countries.
The OECD also said that Japan, Luxembourg, Mexico, Slovenia and USA were the only countries whose unemployment rates rose in April, in the United States (U.S.A) in May, the unemployment rate rose to 9.1 per cent.
OECD Points out that the countries with the highest unemployment rates in April 2011 were Spain 20.7 per cent, Ireland 14.7 percent, 13.9 percent of Slovak Republic, Portugal 12.6 percent, Hungary 11.6 percent, France 9.4 percent, and Poland 9.3 percent.
The OECD says that the unemployment rate in Spain means that from May 2010, more than one in five people in the Spanish labor force has been unemployed or looking for work.
Regarding the lowest unemployment rates in April, the OECD indicates that they were in Korea to 3.6 percent, Austria and the Netherlands with 4.2 percent in both cases, Luxembourg 4.5, Japan 4.7, Australia 4.9 and Mexico with 5.2 percent.
Although in April the unemployment rate in the country was 5.2% it is still among the lowest in the organization. The Organization for Economic Cooperation and Development (OECD) reports that the unemployment rate for all 34 member nations was 8.1 percent in April after the previous month was 8.2 percent.
This fact explained in the report show a continuation of steady decline in the unemployment rate observed since October 2010. The highlights show that since the beginning of the financial crisis in 2007, unemployment rates show a pattern of decline in most OECD countries.
The OECD also said that Japan, Luxembourg, Mexico, Slovenia and USA were the only countries whose unemployment rates rose in April, in the United States (U.S.A) in May, the unemployment rate rose to 9.1 per cent.
OECD Points out that the countries with the highest unemployment rates in April 2011 were Spain 20.7 per cent, Ireland 14.7 percent, 13.9 percent of Slovak Republic, Portugal 12.6 percent, Hungary 11.6 percent, France 9.4 percent, and Poland 9.3 percent.
The OECD says that the unemployment rate in Spain means that from May 2010, more than one in five people in the Spanish labor force has been unemployed or looking for work.
Regarding the lowest unemployment rates in April, the OECD indicates that they were in Korea to 3.6 percent, Austria and the Netherlands with 4.2 percent in both cases, Luxembourg 4.5, Japan 4.7, Australia 4.9 and Mexico with 5.2 percent.
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