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Jobless rate steady

The economic slowdown may be biting, but unemployment held steady in the OECD area in July at 6.3%, unchanged from the previous month and the same a a year earlier. The jobless rate in Japan rose to 5.0% in July from 4.9% in June and 4.7% in July last year, while in Portugal it rose to 4.3% from 4.2%

in June and 4.1% a year earlier. In France unemployment was 8.5%, unchanged since May, but well below the 9.4% in July last year. In Spain the jobless rate fel to 13.0% in July a full percentage point down from 14.0% a year earlier, while in Sweden it also fell a full percentage point over 12 months to 4.8%. The US jobless rate stood at 4.5%, up from 4.0% a year ago, while in Australia the unemployment rate of 6.9% was unchanged from June but up from 6.1 % a year earlier.

For full details of OECD unemployment rates: http://www.oecd.org/media/newnumbers/sur/sursept01_a.htm

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