Unemployment Rate in OECD Countries Falls in February

OECD unemployment rate records fourth consecutive fall at 8.2% in February

The OECD area unemployment rate fell again in February 2011 to 8.2%, down 0.1 percentage point from January. This was the fourth consecutive decrease, following a period of stability of around 8.5% throughout most of 2010. New March 2011 data show further declines of 0.1 percentage point in the unemployment rates of  both the United States (to 8.8%) and Canada (7.7%).

The February data show, for the first time since the recent financial crisis, a pattern of declining or steady unemployment rates for the majority of OECD countries. The unemployment rate fell in the Euro area to 9.9%, the first time back into single digits since December 2009. Austria, Korea, Mexico and Spain were the only countries recording rises in their unemployment rates. Countries still experiencing very high unemployment rates include Hungary (12.0%), Ireland (14.9%), Portugal (11.1%), the Slovak Republic (14.0%) and Spain (20.5%).

There were 44.9 million unemployed persons in OECD countries in February 2011, down 2.1 million from February 2010 but 14.3 million higher than in February 2008.

Selected Unemployment Rates, s.a.

January 2011- February 2011


Today’s Headlines

4 Ways Workers’ Comp Can Impact Your Personal Finances

Getting injured on the job can have some serious implications for your career, personal life, and finances. For severe injuries, you may struggle with the … [Read More...]

Should You Make a Career Change into Tech?

Even though there is someone who has made a fortune in almost any industry, not every line of work offers the same prospects for potential advancement, growth … [Read More...]

Comparing Bureau of Labor Statistics Unemployment Numbers to an Independent Source

The Bureau of Labor Statistics (BLS) and the Gallup Survey people both generate numbers to help us understand the employment/unemployment situation. … [Read More...]

6 Things to Consider When Your Business Expands

When you are considering expanding your business – that is always a cause to celebrate. Sales might be doing well and you decide you need to find a bigger space … [Read More...]

Unemployment News

BLS Monthly Employment Report for April

The US economy added 160,000 "seasonally adjusted" jobs in April, the lowest figure in the last seven months. The adjusted U-3 unemployment rate remained steady at 5%. The Unadjusted U-3 fell to 4.7% while the … [Read More...]

More Posts from this Category

About Tim McMahon

Work by editor and author, Tim McMahon, has been featured in Bloomberg, CBS News, Wall Street Journal, Christian Science Monitor, Forbes, Washington Post, Drudge Report, The Atlantic, Business Insider, American Thinker, Lew Rockwell, Huffington Post, Rolling Stone, Oakland Press, Free Republic, Education World, Realty Trac, Reason, Coin News, and Council for Economic Education. Connect with Tim on Google+

Speak Your Mind

*